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Question 3 (3.7 points) Suppose the September Eurodollar futures contract has a price of 94.30. Safari company plans to borrow $ 100 million for 3

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Question 3 (3.7 points) Suppose the September Eurodollar futures contract has a price of 94.30. Safari company plans to borrow $ 100 million for 3 months in September at LIBOR, and Safari company intends to use the Eurodollar futures contract to hedge its borrowing rate. What rate can Safari company secure? O 1.43% 5.70% 04.30% 1.90%

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