PERIOD	Futures Contract Expiration	GE or ED Futures Expiration Date	DAYS	Time Span (T) in Days	GE or ED Futures Price (F)	Implied LIBOR or FRA Rate ( r ) = (100 - F)
1	EDM20	Monday, June 15, 2020	91	91	99.0000
2	EDU20	Monday, September 14, 2020	182	91	98.9000
3	EDZ20	Monday, December 14, 2020	273	91	98.8500
4	EDH21	Monday, March 15, 2021	364	91	98.7000

8. If you could invest for each of the next two 91-day periods at the implied LIBOR or implied FRA rates as indicated by the EDM20 and EDU20 Eurodollar Futures Contract prices, then what would be your total 182-day rate of return?

9. What would be the Zero-Coupon bond price (or present value factor) associated with the 182-day period and interest rates from question 8?

10. Using the information from the table above, what would the non-arbitrage 1.50-year (1-1/2 year) interest rate swap fixed rate be? Assume today is June 17, 2019