The Following Eurodollar Futures Contract Is Quoted in the Wall

question 3

Multiple Choice

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

-Next day,the implied 3-month LIBOR yield drops by 0.10%.What is the new settlement price?

• A) 93.49
• B) 93.59
• C) 93.69
• D) cannot be determined

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