On january 8 2016 a bank wants to lock in the 3-month


On January 8, 2016, a bank wants to lock in the 3-month interest rate starting on June 20, 2017. The investor buys June2017 Eurodollar futures contracts at 96.53. What is the interest rate that the investor locked in?

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Finance Basics: On january 8 2016 a bank wants to lock in the 3-month
Reference No:- TGS0612258

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