It is April and a corporate Treasurer knows that she will need to issue 3-mo Commercial paper in the middle of June and is considering hedging the interest rate for that upcoming borrowing in the offshore Eurodollar market. Eurodollar futures have, in the past, always proved to be a solid hedge because the company's commercial paper issues have been priced off of 3-mo USD LIBOR. If the June Eurodollar contract is quoted at 97.20, then which of the following statements is accurate. She would buy June Eurodollar contracts and lock in a 3-mo LIBOR rate of 1.95% per annum She would short June Eurodollar contracts and lock in a 3-mo LIBOR rate of 2.80% per annum She would buy June Eurodollar contracts and lock in a 3-mo LIBOR rate of 0.70% per annum She would short June Eurodollar contracts and lock in a 3-mo LIBOR rate of 0.70% per annum