16. P(T1, T2) - F(t, T1: T2) P(T1, T2) F(t, T1: T2)
F(t, T1: T2)
Figure 3.1: Payoff Diagram for a Forward Contract with Delivery Date T1 on a T2-maturity Zero-coupon Bond

29. C(T1, T1, K: T2) = max [P(T1, T2) - K, 0]
Figure 3.2: Payoff Diagram for a European Call Option on the T2-maturity Zero-coupon Bond with Strike K and Expiration Date T1

31. P(T1, T2, K: T2) = max [K - P(T1, T2), 0]
Figure 3.3: Payoff Diagram for a European Put Option on the T2-maturity Zero-coupon Bond with Strike K and Expiration Date T1