Question
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
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? [Alert: watch its sign + or -]
Please show your work and write your answers with two decimal points
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Distressed Debt Analysis Strategies For Speculative Investors
Authors: Stephen Moyer
1st Edition
1932159185, 978-1932159189
