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Please show your work. Suppose a Eurodollar time deposit futures contract has a duration of 0.25 years and has a current market price of $980,000.

Please show your work. Suppose a Eurodollar time deposit futures contract has a duration of 0.25 years and has a current market price of $980,000. Market interest rates are 6 percent and are expected to fall to 5 percent. What is the change in this futures contract's market price from this change in interest rates?

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