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A put option on a share of XYZ Corp has a strike price of $32 and is currently trading for $3, while the corresponding call
A put option on a share of XYZ Corp has a strike price of $32 and is currently trading for $3, while the corresponding call is now trading for $4. You purchased 5 call options and sold 3 put options. If the stock price at maturity is $36, what is your total profit?
a) $900
b) $400
c) $1,400
d) $300
e) $-400
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