Milton Briedman, a speculator, expects interest rates to increase and purchases a put option on Treasury bond futures with an exercise price of 95-32. The premium paid for the put option is 2-36. Just prior to the expiration date, the price of the Treasury bond futures contract is valued at 93-22. Briedman exercises the option and closes out the position by purchasing an identical futures contract. Briedmans net gain from this speculative strategy is $________. A) 406.25 B) 4,718.75 C) 4,718.75 D) 812.50 E) none of the abov