Jason bought a put option on a $100,000 Canada bond futures contract with an exercise price of 107 for a premium of $2,650 If on expiration the futures contract sells for 110, determine Jason's profits and explain if he will exercise the right to sell the futures contract (Select the correct choice below and, if necessary, fill in the answer box to complete your choice Enter your response as a positive whole number as necessary) O A. Jason will exercise his right to sell the futures contract. Jason's loss on the contract is $ B. Jason will not exercise his right to sell the futures contract Jason's profit on the contract is $ C. Jason will exercise his right to sell the futures contract Jason's profit on the contract is $ OD. Jason will not exercise his night to sell the futures contract. Jason's loss on the contract is $ E. Jason will not exercise his right to sell the futures contract Jason broke even on the contract OF Jason will exercise his right to sell the futures contract. Jason broke even on the contract How would your answer change if the futures contract sells for 101 on expiration? (Select the correct choice below and if necessary, fillin the answer box to complete your choice. Enter your response as a positive whole number as necessary) A. Jason will not exercise his right to sell the futures contract Jasor's profit on the contract is $ B. Jason will not exercise his right to sell the futures contract, Jason's loss on the contract is $ OC. Jason will exercise his right to sell the futures contract, Jason's loss on the contract is $ OD. Jason will exercise his right to sell the futures contract Jason's profit on the contract is E. Jason will not exercise his right to sell the futures contract. Jason broke even on the contract F Jason will exercise his right to sell the futures contract. Jason broke even on the contract