Suppose you took a short position in a June Eurodollar futures at RD = 5.5%.

Determine the futures settlement prices and your position’s profits and losses given the following LIBOR at the June futures’ expiration: 4.75%, 5.00%, 5.25%, 5.5%, 5.75%, 6%, and 6.25%. Determine your profits and losses if you had taken a long position in the June contract at RD = 5.5%.