Return to Figure 23.7 . Suppose the LIBOR rate when the first listed Eurodollar contract matures in December is 1.90%. What will be the profit or loss to each side of the Eurodollar contract? (Do not round intermediate calculations and round final answer to 2 decimal places. Enter the amount as positive value. Omit the "$" sign in your response.)

(Click to select)Loss/Profit

$

Contract Open Open High hi b Low Settle Chg interest Eurodollar(CME)-$1,000,000; pts of 100% Feb 99.7100 99.7100 A 99.7075 99.7075 78,171 March 99.7000 991100 99.6800 99.7050 .0050 918,700 June 99.6850 99.6950 99.6650 99.6850 789 131 Dec 99.6250 99.6450 99.6050 99.6250 736966 Figure 23.7 Eurodollar futures Source: The Wall Street Journal, February 9, 2013. Reprinted by permis sion of The Wall Street Journal, 2013 Dow Jones & Company, Inc. All rights reserved worldwide