What is profit or loss on the contract

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Problem 1: If you buy a put option on a $100,000 Canada bond futures contract with an exercise price of 95 and the price of the Canada bond is 120 at expiration, is the contract in the money, out of the money, or at the money? What is your profit or loss on the contract if the premium was $4000?

Reference no: EM132909121

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