A corporate financial manager for XYZ, Inc. is charged with investing the "cash" assets of the firm in riskless short-term government debt. The manager prefers 90-day (3 month) Eurodollar deposits because of their liquidity; however, at the moment she is worried that the 3-month rates which she can achieve 3 months from now will be less than she had an- ticipated. Therefore, she is contemplating hedging against a decline in rates. Below are quotes on Eurodollar maturities spot rates at various MaturityQuote 90 days98.17 180 days 98.15 270 days98.08 360 days 97.70 A corporate financial manager for XYZ, Inc. is charged with investing the "cash" assets of the firm in riskless short-term government debt. The manager prefers 90-day (3 month) Eurodollar deposits because of their liquidity; however, at the moment she is worried that the 3-month rates which she can achieve 3 months from now will be less than she had an- ticipated. Therefore, she is contemplating hedging against a decline in rates. Below are quotes on Eurodollar maturities spot rates at various MaturityQuote 90 days98.17 180 days 98.15 270 days98.08 360 days 97.70