Question
Suppose we wish to borrow $200,000,000 for 91 days at LIBOR beginning next June, and that the quoted Eurodollar futures price (based on a 360-day
Suppose we wish to borrow $200,000,000 for 91 days at LIBOR beginning next June, and that the quoted Eurodollar futures price (based on a 360-day year) is 96.11. How much will be needed to repay the loan?
| a. | $201,966,611 | |
| b. | $207,780,000 | |
| c. | $200,988,829 | |
| d. | $203,933,222 | |
| e. | $208,094,891 |
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
10th Edition
0135160618, 978-0135160619
