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An investor wants to lock in the interest rate for 3 months beginning 2 days before the 3rd Wednesday of Sept on a principal of

An investor wants to lock in the interest rate for 3 months beginning 2 days before the 3rd Wednesday of Sept on a principal of $100 million

The investor hedges by buying 100 September Eurodollar futures contracts at 97.50.

This indicates the investor can lock in an interest rate of ?% per annum.

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