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1) Suppose Party A sold one December Eurodollar futures contract to Party B at a price of 97.5. If at settlement of the futures contract

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1) Suppose Party A sold one December Eurodollar futures contract to Party B at a price of 97.5. If at settlement of the futures contract B ends up paying A $2000, what was 3 -month LIBOR in December? (1) 2) Briefly explain why foreign currency swaps between the Fed and other central banks surged in the periods shown in the chart. (1)

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