Justbrowsing Corp. will need to take out a 120-day, $ 200,000 loan 60 days from now. To protect against interest rate ________ (increases/decreases), the corporation should buy an interest rate ________ (call/put) option with the premium payed on day t=_____________. The option has X=8.26% and expires in 60 days. The corporation will make a decision on day t= ______________ about whether or not to exercise the option. On this day the applicable (spot) interest rate is 9.15%. The corporation _______________ (should/should not) exercise the option. Payoff will be $_____________ (rounded to two decimals) on day t=._________