You Plan to Borrow $1,000,000 for Six Months (183 Days)in

You plan to borrow $1,000,000 for six months (183 days) in six months' time (182 days) .The current Libor rate for six months is 6%.You want to hedge your interest-rate exposure by using 90-day eurodollar futures contracts that mature in six months.Using PVBP analysis,how 90-day eurodollar futures contracts are needed for this hedge?

A) 1.79
B) 1.85
C) 1.92
D) 2.00

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