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You open a 90-days Eurodollar time deposit three months from now. You enter into a 3x6 forward rate agreement (FRA). The amount you will deposit

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You open a 90-days Eurodollar time deposit three months from now. You enter into a 3x6 forward rate agreement (FRA). The amount you will deposit is $27.375,982. The six-month Libor rate is 2 The three-month Libor rate is 1 What is your forward rate? *Round your answer to the nearest three decimals if needed. "Type your answer in percentage and not in decimals (i.e. 5.2 and not 0.052). Do not type the % symbol. Question 3 1 pts After marking-to-market, what is the value of a futures contract? *Round your answer to the nearest three decimals if needed. "Do not type the $ symbol

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