Use the Following Information to Answer Questions 22 Through 24

Multiple Choice

Use the following information to answer questions 22 through 24.On October 1,the one-month LIBOR rate is 4.50 percent and the two month LIBOR rate is 5.00 percent.The November Fed funds futures is quoted at 94.50.The contract size is $5,000,000.
-The dollar value of a one basis point rise in the Fed funds futures price is

A) -$25.00
B) $41.67
C) $5,000
D) $25.00
E) none of the above