At which fixed rate can your company borrow in the future

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You are running a BBB rated company with a credit spread of 1.60%. You fear of a higher interest rate in future and want to lock in the 3-month interest rate between 6/20/2019 and 9/20/2019. Currently, 6/2019 Eurodollar futures price is 97.86 and 9/2019 Eurodollar futures price is 97.55. At which fixed rate can your company borrow in the future? Answer in %. For example, if your answer is 1.23%, enter "1.23" (margin of error: +/- 0.01%)

Reference no: EM132011732

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