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Two months from today you plan to borrow $3 million for 6 months at LIBOR.You hedge your interest rate risk with euro dollar futures contracts

Two months from today you plan to borrow $3 million for 6 months at LIBOR.You hedge your interest rate risk with euro dollar futures contracts priced at 93.6.If settled in arrears,what is your payment if the 6 month LIBOR is 2.5% in two months? Show work

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