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Please show your work. Suppose a Eurodollar time deposit futures contract has a duration of 0.7 years and has a current market price of $984,000.
Please show your work. Suppose a Eurodollar time deposit futures contract has a duration of 0.7 years and has a current market price of $984,000. Market interest rates are 4.25 percent and are expected to fall to 3.65 percent. What is the change in this futures contract's market price from this change in interest rates?
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