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XYZ is a BBB rated company with a credit spread of 1.50%. It expects interest rate will increase in future. Today, it wants to lock

XYZ is a BBB rated company with a credit spread of 1.50%. It expects interest rate will increase in future. Today, it wants to lock in the 3-month interest rate between next December and March.

Currently, next December Eurodollar futures price is 97.21 and March Eurodollar futures price is 97.55.

At which rate, can XYZ lock in to borrow for 3 months starting in next December?

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