Question: Return to Figure 23.7 . Suppose the LIBOR rate when the first listed Eurodollar contract matures in December is 1.80%. What will be the profit

Return to Figure 23.7 . Suppose the LIBOR rate when the first listed Eurodollar contract matures in December is 1.80%. 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.)

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