A Eurodollar Interest Rate Put Option, Which Was Purchased at a Strike

Multiple Choice

A eurodollar interest rate put option, which was purchased at a strike price of 93,

A) would not be exercised if the market interest rate was 6½ percent on the contract date.
B) gives the buyer the option of acquiring a lending rate of 9.3 percent on the contract Date.
C) gives the buyer the option of receiving a 7 percent deposit rate on the contract date.
D) would cost the buyer 93 basis points.