If you buy a put option on a $100 000 Canada bond futures contract with an exercise

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If you buy a put option on a $100 000 Canada bond futures contract with an exercise price of 95 and the price of the Canada bond is 120 at expiration, is the contract in the money, out of the money, or at the money? What is your profi t or loss on the contract if the premium was $4000?

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The Economics Of Money Banking And Financial Markets

ISBN: 978-0134376936

6th Canadian Edition

Authors: Frederic S Mishkin ,Apostolos Serletis

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