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Consider a put contract on a Canada bond with an exercise price of 101.19. The...

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Consider a put contract on a Canada bond with an exercise price of 101.19. The contract represents $100,000 of bond principal and has a premium of $1350. The actual Canada bond price falls to 99.16 at the expiration. What is the net profit or loss on the position? (Select the correct choice below and, if necessary, in the answer box to complete your choice. Round your response to a positive whole number as necessary.) O A. There is a net profit of $ B. There is a net loss of $ C. The is no net profit or loss

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