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You hedged your financial firms exposure to increasing interest rates by buying one December put on Eurodollar deposit futures at the strike price 97.75 earlier

You hedged your financial firms exposure to increasing interest rates by buying one December put on Eurodollar deposit futures at the strike price 97.75 earlier on April 15. If December arrives and Eurodollar deposit futures have a settlement index at expiration of 96.50, what is your payoff?

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