If annualized 90-day LIBOR decreases from 2.33% to 2.09%, a long position in a $4 million Eurodollar
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Question:
If annualized 90-day LIBOR decreases from 2.33% to 2.09%, a long position in a $4 million Eurodollar futures contract will have
A.a gain of $2400.
B.a loss of $2400.
C.a loss of 600.
D.a gain of 600.
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