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Use Figure 23.7. Suppose the LIBOR rate when the first listed Eurodollar contract matures in January 2019 is 3.4%. What will be the profit or

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Use Figure 23.7. Suppose the LIBOR rate when the first listed Eurodollar contract matures in January 2019 is 3.4%. What will be the profit or loss if you short the Eurodollar contract? (Do not round intermediate calculations and round final answer to 2 decimal places. Enter the amount as positive value.)

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