17. Consider the following Fed Funds rates below and the price of the Fed Funds...
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17. Consider the following Fed Funds rates below and the price of the Fed Funds futures contract that expires on April 30. What is the likely price of the contract on April 1?: Apr 1 3.00% Apr 18 3.00% Apr 2 3.00% Apr 19 3.00% Apr 3 3.00%. April 20 3.00% Apr 4 3.00% April 21 3.00% Apr 5 3.00% April 22 2.75% Apr 6 3.00% April 23 2.76% Apr 7 3.00% April 24 2.76% Apr 8 3.00% April 25 2.73% Apr 9 3.00% April 26 2.75% Apr 10 3.00% April 27 2.75% Apr 11 3.00% April 28 2.75% Apr 12 3.00% April 29 2.75% Apr 13 3.00% April 30 2.75% Apr 14 3.00% Apr 15 3.00% Apr 16 3.00% Apr 17 3.00%
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