Your company has a $10 million variable rate debt outstanding and you are concerned about higher debt payment from rising interest rates over next 6 months. You decide to buy a Eurodollar future contract to protect against rising interest rates. The current 6-month Eurodollar futures contract interest rate is 2% LIBOR Questions a) How many contracts you will need to buy? b) What's the profit or loss on the future contract if LIBOR rate increases to 2.25% 6 months later? c) What's the higher lower interest payments when LIBOR rate increases to 2.25% 6 months later