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08. Assume the 3-month Euribor interest rate futures contract for Spa December 2020 expiry is at 95.60. The contract has a notional size of EUR

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08. Assume the 3-month Euribor interest rate futures contract for Spa December 2020 expiry is at 95.60. The contract has a notional size of EUR 1,000,000 and one unit of trading is EUR 2,500. If you expect the 3-month interest rate in December 2020 will be 5.3% would you buy or sell the contract? Explain your reasoning and the profits you can expect if your forecast is correct. Your

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