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Contract Open High hilo Low Eurodollar (CME) -$1,000,000; pts of 100% 97.2400 97.2450 97.2225 Jan March June Dec Settle Chg 97.2275 -0.0125 97.2900 97.3000 97.2750 97.2950 97.2650 97.2900 97.2550 97.2800 97.2900 97.3200 97.2700 97.3050 Open interest 256,596 0.0050 1,463,124 0.0100 1,244,678 0.0100 1,719,535

Contract Open High hilo Low Eurodollar (CME) -$1,000,000; pts of 100% 97.2400 97.2450 97.2225 Jan March June Dec Settle Chg 97.2275 -0.0125 97.2900 97.3000 97.2750 97.2950 97.2650 97.2900 97.2550 97.2800 97.2900 97.3200 97.2700 97.3050 Open interest 256,596 0.0050 1,463,124 0.0100 1,244,678 0.0100 1,719,535

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Use Figure 23.7. Suppose the LIBOR rate when the first listed Eurodollar contract matures in December 2019 is 3%. What will be the profit or loss to each side of the Eurodollar contract? (Do not round intermediate calculations and round final answer to 2 decimal places. Enter the amount as positive value.)
Transcribed Image Text:Use Figure 23.7. Suppose the LIBOR rate when the first listed Eurodollar contract matures in December 2019 is 3%. What will be the profit or loss to each side of the Eurodollar contract? (Do not round intermediate calculations and round final answer to 2 decimal places. Enter the amount as positive value.)
Open Jan March June Dec Contract High hilo Low Eurodollar (CME)-$1,000,000; pts of 100% Settle Chg Open interest 256,596 97.2400 97.2450 97.2225 97.2275 -0.0125 97.2900 97.3000 97.2750 97.2950 0.0050 1,463,124 97.2650 97.2900 97.2550 97.2800 0.0100 1,244,678 97.2900 97.3200 97.2700 97.3050 0.0100 1,719,535 Figure 23.7 Eurodollar futures, January 9, 2019 Source: The Wall Street Journal, January 10, 2019.
Transcribed Image Text:Open Jan March June Dec Contract High hilo Low Eurodollar (CME)-$1,000,000; pts of 100% Settle Chg Open interest 256,596 97.2400 97.2450 97.2225 97.2275 -0.0125 97.2900 97.3000 97.2750 97.2950 0.0050 1,463,124 97.2650 97.2900 97.2550 97.2800 0.0100 1,244,678 97.2900 97.3200 97.2700 97.3050 0.0100 1,719,535 Figure 23.7 Eurodollar futures, January 9, 2019 Source: The Wall Street Journal, January 10, 2019.
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