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In a message dated 06/15/2000 8:56:13 PM Eastern Daylight Time,
swp@xxxxxxxxxx writes:
<< if the
Fed leaves the funds rate unchanged, fair value for the contract is 94.50.
If the Fed increases on 28-June, the fair value is 94.25. We get this by
subtracting the funds rate from 100. The current rate is 6.50%. >>
I am confused since 6.50 from 100 is 93.5 and not 94.5.
Pete Greco
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