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Question 5 (5 points): You hedged your exposure to declining interest rates by buying one December call on Eurodollar deposit futures at the premium quoted

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Question 5 (5 points): You hedged your exposure to declining interest rates by buying one December call on Eurodollar deposit futures at the premium quoted below. Maturity December Call Strike price 975000 Call premium in basis points 29.75 How much did you pay for the call in dollars if you chose the strike price of 975000? (remember that each basis point is worth $25)

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