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suppose we wish to borrow $7,000,000 for 91 days at LIBOR beginning next March, and the quoted eurodollar price (based on a 360-day year) is

suppose we wish to borrow $7,000,000 for 91 days at LIBOR beginning next March, and the quoted eurodollar price (based on a 360-day year) is 91.17. How much will be needed to repay the loan?

a. $7,156,242

b $7.618,100

c.7,312,484

d.7,677,964

e.7, 278,913

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