Evaluate a long position in an OTC December 97 T-bond put option purchased at 0.25 (0 25/32).

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Evaluate a long position in an OTC December 97 T-bond put option purchased at 0.25 (0 25/32). Evaluate in terms of the profits at T-bond index values at expiration of 94, 95, 96, 97, 98, 99, and

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