The Following Eurodollar Futures Contract Is Quoted in the Wall

question 19

Multiple Choice

The following Eurodollar futures contract is quoted in the Wall Street Journal:
$\begin{array} {llll } & \text {Open }& \text { high}& \text {low }& \text {settle }& \text {ohg }\\\text {Mar 10 }&93.56&93 .62 & 93.53 & 93.59&\dots\\\end{array}$

-Determine the implied 3-month LIBOR yield for March 2010.

• A) 6.38%
• B) 6.41%
• C) 9.36%
• D) need more information

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Definitions:

Special Equipment

Specialized tools or machinery designed for specific industrial or commercial activities, often requiring significant investment and expertise to operate.

Allocated General Overhead

Distribution of indirect costs to various departments or production processes within an organization.

Variable Costs

Costs that change in proportion to the level of activity or volume of production.

Special Discounted Price

A reduced price offered on goods or services, lower than the standard charge to promote sales.