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If you buy a put option on a $100,000 Treasury bond futures contract with an exercise price of 95 and the price of the Treasury

image text in transcribed If you buy a put option on a $100,000 Treasury bond futures contract with an exercise price of 95 and the price of the Treasury bond is 120 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 $4,000

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