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You wrote 8 call option contracts on XYZ stock with a strike price of $40 and an option premium of $2.17. What is your net

You wrote 8 call option contracts on XYZ stock with a strike price of $40 and an option premium of $2.17.

What is your net gain or loss on this investment if the price of XYZ is $35.11 on the option expiration date? (Round answer to 2 decimal places. Do not round intermediate calculations).

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