Help with LIBOR Interest Rate Futures Hedging Question?

Answers:0   |   LastUpdateAt:2012-09-26 16:11:03  

Henry C.
Asked at 2012-09-26 16:11:03
Need help with this - someone who could be of some help MedlinePlus ? MedlinePlus Today ( 29 March 2011 ) , Old Navy anticipate needing a period of three months $ 110 million loan from the bank on October 1, 2011 to finance a new inventory of clothing holiday season for autumn / winter 2011. Bank credit is based on the three -month LIBOR plus an additional 3% on October 1, 2011 . October 2011 three months dollar Euro futures contract traded at 95,500 on March 29, 2011 . The October futures three-month Euro dollar traded 92,000 contracts on October 1, 2011 .
A. List of Old Navy actions taken between March 29, 2011 and October 1, 2011 to cover the interest rate of the loan of U.S. $ 110 million. MedlinePlus B. What are the benefits / total losses in the euro dollar futures ? MedlinePlus C. What is the net interest rate ( including gains / losses on futures) covered bank credit ? MedlinePlus D. What was Old Navy

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