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The National Bank of Feluria anticipates investing $2,000,000 in Eurodollars in four months To hedgo against interest rate risk. the bank undertakes. Cash rate is

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The National Bank of Feluria anticipates investing $2,000,000 in Eurodollars in four months To hedgo against interest rate risk. the bank undertakes. Cash rate is 648%. What is the basis on the day the bank enters into the hodge? Submit your firal answor as a percontage roundod to fwo decimal p ionths. To hedge against interest rate risk, the bank undertakos a long hedge by buying two Eurodollar futures contracts at 6.21%. The current bmit your final answer as a percentage rounded to two decimal placos (Ex. 0 00\%)

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