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Rosa acquired 9 put option contracts on Imports United stock. The strike price was $42.50 and the option premium was $0.86. At expiration, Imports stock
Rosa acquired 9 put option contracts on Imports United stock. The strike price was $42.50 and the option premium was $0.86. At expiration, Imports stock was selling for $44.17. What is the payoff on the option contracts? Answer should be formatted as a number with 2 decimal places (e.g. 99.99)
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