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Suppose you buy one SPX call option contract with a strike of 1 4 0 0 . At maturity, the S&P 5 0 0 index

Suppose you buy one SPX call option contract with a strike of

1400 .

At maturity, the S&P

500

index is at

1431 .

What is your net gain or loss if the premium you paid was $

23 ? (

Input the amount as a positive value.

)

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