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Shares of Maddoff Bank Inc. are currently trading for $25. Put options on Maddoff shares, which expire in six months with a strike price of

Shares of Maddoff Bank Inc. are currently trading for $25. Put options on Maddoff shares, which expire in six months with a strike price of $20, are trading for $5. A trader writes one put option contract. Assume that there is one share per contract. At maturity, what is the payoff to the put writer if the stock price is $10? $

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