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25. It is 14 April today and assuming that your company need to borrow $300,000,000 on 19 July for next 3 months. You are planning

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25. It is 14 April today and assuming that your company need to borrow $300,000,000 on 19 July for next 3 months. You are planning to use the Eurodollar Futures (EF) to hedge the possible change in the Libor rate between now and 14 July. The July EF is trading at 95.33 now and it turned out that on 1 July the EF is trading at 95.96. There are 92 days between 1" July to 1" October. What would be your total interest payment for this borrowing upon the settlement of it on 1" October? A. $1,677,128 B. $3,574,038 C. $2,624,160 D. $3,569,160

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