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State clearly what position to be taken

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Question - Assume that you are suppose to borrow 8,000,000 for 91 days at LIBOR beginning next September. In this case, we might want to hedge against a potential (Increase or Decrease) in interest rates between now and September by taking (Long or Short) position in Eurodollars. State clearly what position to be taken.

Reference no: EM132830527

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