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You have written a put option on Company Xs common stock. The option has an exercise price of $28.00 and the stock currently trades at

You have written a put option on Company Xs common stock. The option has an exercise price of $28.00 and the stock currently trades at $30.50. The option premium is $0.75 per share. What is your profit per share if the stock price increases to $32.00 at expiration?

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