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XYZ stock is currently trading at $60 per share. You sell 10 puts at a premium of $1.50 with a strike of $56. Determine your

XYZ stock is currently trading at $60 per share. You sell 10 puts at a premium of $1.50 with a strike of $56. Determine your gain or loss if:

the stock price decreases to $53 per share at expiration

the stock price decreases to $58 per share at expiration

the stock price increases to $62 per share at expiration

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