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

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If you buy a put option on a $100,000 Treasury bond futures contract with an exercise price of 97 and the price of the Treasury bond is 130 at expiration, is the contract in the money, out of the money, or at the money? What is your profit or loss on the contract if the premium was $5,000?

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Financial Markets And Institutions

ISBN: 9781292215006

9th Global Edition

Authors: Stanley Eakins Frederic Mishkin

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