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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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