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You wrote 3 call option contracts on XYZ stock with a strike price of $40 and an option premium of $1.96. What is your net

You wrote 3 call option contracts on XYZ stock with a strike price of $40 and an option premium of $1.96. What is your net gain or loss on this investment if the price of XYZ is $38.65 on the option expiration date? (Round answer to 2 decimal places. Do not round intermediate calculations).

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