please, complete the subpoints A-D! thank you in advance!
Problem 2 You are given the following quote for Eurodollar futures prices on Wednesday, 03/17/21: Month Open High Low Last Change Settle APR 21 109.9825 109.9830 109.9825 MAY 21 99.8300 99.8350 99.8250 109.9825 99.8350 - 0125 99.8225 -0250 99.8300 --0300 99.8300 Estimated Prior Day Volume Open Interest 53,052 106,098 19,667 40,801 170.764 1.191.036 JUN 21 99.8300 99.8350 99.8250 99.8300 a)- John Jones wants to hedge a floating rate interest payment on a $5 million loan. The next quarterly interest payment is determined according to a 3-month LIBOR on May 1, 2021. How could he use Eurodollar futures to do it? b)-If he entered into the futures position at Monday close of 99.84, what would be his cash flow due to marking to market on Tuesday and on Wednesday? c) What is the value of his futures position on Monday? d)-If on May 1, 2021 the 3-month LIBOR turns out to be 0.3% p.a., Eurodollar futures price 99.74, what would be the total cost to John Jones taking into account gains/losses on his hedge, plus the interest payment (disregard time value of money)? I Problem 2 You are given the following quote for Eurodollar futures prices on Wednesday, 03/17/21: Month Open High Low Last Change Settle APR 21 109.9825 109.9830 109.9825 MAY 21 99.8300 99.8350 99.8250 109.9825 99.8350 - 0125 99.8225 -0250 99.8300 --0300 99.8300 Estimated Prior Day Volume Open Interest 53,052 106,098 19,667 40,801 170.764 1.191.036 JUN 21 99.8300 99.8350 99.8250 99.8300 a)- John Jones wants to hedge a floating rate interest payment on a $5 million loan. The next quarterly interest payment is determined according to a 3-month LIBOR on May 1, 2021. How could he use Eurodollar futures to do it? b)-If he entered into the futures position at Monday close of 99.84, what would be his cash flow due to marking to market on Tuesday and on Wednesday? c) What is the value of his futures position on Monday? d)-If on May 1, 2021 the 3-month LIBOR turns out to be 0.3% p.a., Eurodollar futures price 99.74, what would be the total cost to John Jones taking into account gains/losses on his hedge, plus the interest payment (disregard time value of money)