Use Figure 23.7. Suppose the LIBOR rate when the first listed Eurodollar contract matures in December 2016 IS 0.7%. 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.) Contract Open Open High hilo Low Settle Chg interest Eurodollar (CME)-$1,000,000; pts of 100% Sept 99.1200 99.1275 A 99.1075 99.1175 -0.0025 1,046,998 Dec 99.0450 99.0550 99.0250 99.0350 -0.0100 1,488,878 March'17 99.0 150 99.0200 98.9800 98.9950 -0.0150 1,117,165 Dec 98.9050 98.9150 98.8600 98.8750 -0.0300 1,367,955 Figure 23.7 Eurodollar futures, September 9, 2016 Source: The Wall Street Journal, September 10, 2016. Use Figure 23.7. Suppose the LIBOR rate when the first listed Eurodollar contract matures in December 2016 IS 0.7%. 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.) Contract Open Open High hilo Low Settle Chg interest Eurodollar (CME)-$1,000,000; pts of 100% Sept 99.1200 99.1275 A 99.1075 99.1175 -0.0025 1,046,998 Dec 99.0450 99.0550 99.0250 99.0350 -0.0100 1,488,878 March'17 99.0 150 99.0200 98.9800 98.9950 -0.0150 1,117,165 Dec 98.9050 98.9150 98.8600 98.8750 -0.0300 1,367,955 Figure 23.7 Eurodollar futures, September 9, 2016 Source: The Wall Street Journal, September 10, 2016