Question: Use Figure 23.7. Suppose the LIBOR rate when the first listed Eurodollar contract matures in June 2019 is 3%. What will be the profit or

Use Figure 23.7. Suppose the LIBOR rate when the first listed Eurodollar contract matures in June 2019 is 3%. 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.) June open = 97.2650 June high - 97.29 Please show step by step... I know I am making a simple mistake somewhere but I cannot get it right!

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