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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.c.5.2 and not 0.052). Do not type the % symbol. 2.99 Question 3 1 pts After marking-to-market, what is the value of a tutures contract? "Round your answer to the nearest three decimals if needed. "Do not type the $ symbol

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