Back to Assignment Attempts Average/2 7. Futures options Suppose Gilberto expects interest rates to increase and purchases a put option on Treasury note futures from Juanita. The exercise price on Treasury note futures is 99-00. The put option is purchased at a premium of 4-00. Assume that interest rates do increase and, as a result, the price of the Treasury note futures contract decreases over time to a value of 85-00 shortly before the option's expiration date. If Gilberto decides to exercise the option, his profit will be The profit that Juanita will make will be Grade It Now Save & Continue Continue without saving