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You hedged your exposure to declining interest rates by buying one December call on Eurodollar deposit futures at the premium quoted below. Call Strike price

You hedged your exposure to declining interest rates by buying one December call on Eurodollar deposit futures at the premium quoted below. Call Strike price Call premium in basis points Maturity 975000 29.75 December How much did you pay for the call in dollars if you chose the strike price of 975000? (remember that each basis point is worth $25)

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