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Suppose that Sharon forecasts that interest rates will decrease over the next month, so she calls a broker and purchases 50 futures contracts on eurodollar

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Suppose that Sharon forecasts that interest rates will decrease over the next month, so she calls a broker and purchases 50 futures contracts on eurodollar CDs that have settlement dates for three months from now. If the futures contracts on eurodollar CDs represent $100,000 of par value, and the market value of the contract is 91-00, then Sharon will have invested S in the futures contracts Suppose the market value of the contracts after one month is 92-00, and Sharon decides she wants to offset her current position. If she wants to offset her position, Sharon would futures contracts, resulting in a total of (Hint: Assume that there were no transaction costs and that the values you enter are all positive numbers.)

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