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2. The three-month Eurodollar futures price for a contract maturing in eight years is quoted as 94.00. The standard deviation of the change in short-term

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2. The three-month Eurodollar futures price for a contract maturing in eight years is quoted as 94.00. The standard deviation of the change in short-term interest rate in one year is 2.0%. In this case T1 is eight years, and T2 is 8.25 years. How much is the convexity adjustment? Show your calculation

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