Suppose that the current 9-month LIBOR interest rate is 7% per year (continuous welfare) and the 6-month LIBOR interest rate is 6% per year (continuous welfare). If there were no arbitrage opportunities, what would be the quoted price of a 3-month euro dollar futures due after 6 months? However, in order to simplify the matter, we ignore the compounding method of interest rates applied to the quoted price of Eurodollar futures, The interest rate derived from the above LIBOR interest rate may be applied as it is regardless of the welfare method.