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You sold five put option contracts on TWP stock with 60 days to maturity and a strike price of $55.00 for a premium of $1.75

You sold five put option contracts on TWP stock with 60 days to maturity and a strike price of $55.00 for a premium of $1.75 per option. At expiration TWP is selling for $52.35. Assuming the options are exercised, what will be the value of your position? Report your answer to the nearest penny.

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