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Question 1075 points); You hedged your exposure to decreasing interest rates by buying one December call on Eurodollar deposit futures at the premium quoted below.

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Question 1075 points); You hedged your exposure to decreasing interest rates by buying one December call on Eurodollar deposit futures at the premium quoted below. Put Strike price Put premium in basis Maturity points 975000 23.20 December If December arrives and Eurodollar Deposit Futures have a settlement index at expiration of 97.20, what is your profit or loss? (Remember to include the premium paid for the put option.)

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