An FI is planning to hedge its $100 million bond instruments with a hedge using Eurodollar interest

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An FI is planning to hedge its $100 million bond instruments with a hedge using Eurodollar interest rate futures. How would the FI estimate

            br = [ΔRf/(1+Rf) /ΔR/(1+R)]

to determine the exact number of Eurodollar futures contracts to hedge?

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