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

Question

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

Quizplus · Accepted Answer

The Answer of 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

The Following Eurodollar Futures Contract Is Quoted in the Wall