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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