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Please use the following information for the next 5 questions. Suppose the September Eurodollar futures contract has a price of 95.00. ABC company plans to

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Please use the following information for the next 5 questions. Suppose the September Eurodollar futures contract has a price of 95.00. ABC company plans to borrow $120 million for 3 months in September at LIBOR, and ABC company intends to use the Eurodollar futures contract to hedge its borrowing rate. Question 1 (4 points) What rate can ABC company secure? (ie, it refers to the 3-month borrowing rate.) 12.5% 5% 1.25% 9.5%

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