Q4 (Eurodollar futures) Suppose we wish to borrow $100 million for 90 days beginning next June, and that today's quoted price of Eurodollar futures maturing next March is 95, and today's quoted price of Eurodollar futures maturing next June is 94. Assume for simplicity that Eurodollar futures settles in arrears, then the annualized 3-month borrowing interest rate beginning next June that we can lock in using the Eurodollar futures is A. 5% B. 6% C. 1.67% D. 2% Q5 (swaps, past exam questions) The market value of a swap is zero at initiation. This statement is A. True B. False