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Given an expected payment of 10 million USD in 3 months, assuming this amount needs to be borrowed at 3M LIBOR (current quote of 6.25%),

Given an expected payment of 10 million USD in 3 months, assuming this amount needs to be borrowed at 3M LIBOR (current quote of 6.25%), what is the implied interest rate on a Eurodollar future (3 month delivery) quoted at 93.280? Does it match the current interest rate? Why or why not?

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