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A newspaper reports that a given November eurodollar futures settled at 98.88. What was the annual yield (in %)? 9.828% 98.28% 1.12% 1.72%

A newspaper reports that a given November eurodollar futures settled at 98.88. What was the annual yield (in %)?

9.828%

98.28%

1.12%

1.72%

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