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The Eurodollar futures contract expiring in December 2023 is quoted at 98.40 and a company plans to invest $8 million for the three months starting

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The Eurodollar futures contract expiring in December 2023 is quoted at 98.40 and a company plans to invest $8 million for the three months starting in December 2023 . a) What interest rate can the company lock in using futures contracts? b) How many contracts should the company purchase to eliminate the uncertain in their investment? c) If the actual 3-month Libor rate turns out to be 1.3\% (APR) in December 2023, describle the cash flows from the futures and the cash investment

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