# 20. Suppose we wish to borrow $10 million for 91 days beginning next June, and that the...

## Question:

20. Suppose we wish to borrow $10 million for 91 days beginning next June, and that the quoted Eurodollar futures price is 93.23.

**a.** What 3-month LIBOR rate is implied by this price?

**b.** How much will be needed to repay the loan?

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**Related Book For**

## Derivatives Markets Pearson New International Edition

**ISBN:** 978-1292021256

3rd Edition

**Authors:** Robert L. Mcdonald