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The current stock price of Sanders is at $35. A put on Sanders stock with a strike price of $35 is priced at $11 per

The current stock price of Sanders is at $35. A put on Sanders stock with a strike price of $35 is priced at $11 per share while a call with a strike price of $35 is priced at $8. If you implement a covered call strategy today and the stock price decrease to $32, what is your total profit or loss (assuming you implement the strategy using 100 shares)?

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