关于eurodollar future 用来对冲 commercial paper的问题

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suppose that it is February 20 and a treasure realizes that on July 17 the company will have to issue $5 million of commercial paper with a maturity of 180 days. If the paper were issued today, the company will realize $4820000. The september eurodollar futures price is quoted as 92. How should the treasure hedge the company's exposure?

答案是： short euro dollar future, 4820000/980000*2=9.84...(commercial paper duration is twice that of eurodollar deposits underlying the eurodollar futures contracts)


问题：
1.为什么是SHORT  逻辑是什么？
2.为什么是用￥4820000 而不是￥5000000做对冲

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关键词：Eurodollar Commercial future Dollar merci commercial future

公司是在7月发售500万面值的商业票据，融入资金，主要是要预防利率上升。当利率上升时，欧洲美元的价格下降，要从价格下降中获利，肯定是做空。
商业票据是贴息式，4820000是融资金额。

what does it mean:
If the paper were issued today, the company will realize $4820000. ?