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The December SOFR futures contract is quoted as 9 8 . 4 0 and a company plans to borrow $ 8 million for three months
The December SOFR futures contract is quoted as and a company plans to borrow $ million for three months starting in December at SOFR plus a What rate can then company lock in by using the SOFR futures contract?b What position should the company take in the contracts?c If the actual threemonth rate turns out to be what is the final settlement price on the futures contracts?
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