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Suppose Brian expects interest rates to increase and purchases a put option on Treasury bond futures from Crystal. The exercise price on Treasury bond futures

Suppose Brian expects interest rates to increase and purchases a put option on Treasury bond futures from Crystal. The exercise price on Treasury bond futures is 96-00. The put option is purchased at a premium of 2-00. Assume that interest rates do increase and, as a result, the price of the Treasury bond futures contract decreases over time to a value of 90-00 shortly before the options expiration date. If Brian decides to exercise the option, his profit will be .

The profit that Crystal will make will be .

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