Use the following information for questions 13 through 17. On September 16, a bank needs to issue $55 million of 180-day Eurodollar time deposits. The current rate of such time deposits is 7.25%. The bank is considering the alternative of issuing a 90 day time deposit at its current rate of 6.75% and selling a eurodollar futures contract. If the 180-day time deposit is issued the bank will have to pay back: Select one: O a. 57,500,000 O b. 58,743,725 O c. 55,875,000 O d. 56,993,750