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

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

-Refer to CBOE.If you used the OCT 35 option to hedge rising rates,and the yield to maturity (YTM) on 13-week bills is 3.75 percent at the option's expiration,what is the outcome of your hedge?

A) profit of $250 per contract
B) profit of $130 per contract
C) loss of $120 per contract
D) no gain or loss, the option expires worthless