With interest rates at historic lows, everyone expects the Bank of Canada to raise rates. You think rates will rise faster and further than other investors. To most profit from your expectation, you should: a) Buy long maturity bonds b) Buy short maturity bonds O c) Short sell long maturity bonds d) Short sell short maturity bonds Consider a put option on Research at Rest (RAR) with a December expiration date and a strike of $11. The option currently trades for a premium of $1.30. RAR shares are trading today for $10.25. If RAR goes bankrupt before mid-December, then what is the profit to the put owner? 1) $9.70 2) $8.95 3) $12.30 4) $11.55 5) $10.70