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Which of the following statements are false? a. The total initial value of 4 Eurodollar futures contracts given a current futures price of 93.24 is

image text in transcribed Which of the following statements are false? a. The total initial value of 4 Eurodollar futures contracts given a current futures price of 93.24 is USD3,675,932. b. Currency controls are not the only factor that explain the difference in spreads between Eurocurrency markets and domestic money markets. c. A forward forward contract can be a substitute for a forward rate agreement. d. EuroEuro deposit rates are usually higher than domestic Euro deposit rates. e. Eurodollar futures contracts can be used to hedge periods of borrowing greater than 3 months

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