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You wrote a put option on the stock of CLAY at a strike price was $35.35. The premium you received was $4.25. On the option

You wrote a put option on the stock of CLAY at a strike price was $35.35. The premium you received was $4.25. On the option expiration date CLAY is trading for $27.75. What is your profit on this contract? (Enter you answer in $ accurate to two decimal places.)

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