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Suppose that the Eurodollar futures quote changes from 97.2 to 98.3 over a 2 month period. Further suppose that the contract is maturing in 40

Suppose that the Eurodollar futures quote changes from 97.2 to 98.3 over a 2 month period. Further suppose that the contract is maturing in 40 days. A) Given the new quote of 98.3, what is the implied LIBOR forward rate for the 40 to 130 day period? B) What is the gain or loss to an investor who is short two contracts?

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