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12. You wrote (sold) ten (10) put option contracts on PLT stock with an exercise price of $32.50 when the put option price was $0.70

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12. You wrote (sold) ten (10) put option contracts on PLT stock with an exercise price of $32.50 when the put option price was $0.70 (premium). Today, the option expires and the underlying stock is selling for $34.30 a share. lgnoring trading costs and taxes, what is your total profit or loss? (Note: each contract has 100 options)

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