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If all spot interest rates are increased by one basis point, a value of a portfolio of swaps will increase by $1,100. How many Eurodollar

If all spot interest rates are increased by one basis point, a value of a portfolio of swaps will increase by $1,100. How many Eurodollar futures contracts are needed to hedge the portfolio?

A. 44

B. 22

C. 11

D. 1,100

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