Use the Following Information on 13-Week T-Bill Rate Options to Answer

Use the following information on 13-week T-bill rate options to answer the following question(s) .

-Refer to CBOE .Suppose you want to cap your interest rate before a planned October borrowing.What is the cost of using the OCT 35 option to hedge?

A) $110 per contract
B) $1.10 per contract
C) $120 per contract
D) $1.20 per contract