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You wrote ten put option contracts on stock XYZ at an option price per share of $1.50 (i.e., the put premium was $1.50). The options

You wrote ten put option contracts on stock XYZ at an option price per share of $1.50 (i.e., the put premium was $1.50). The options have a strike price of $20.00 per share. Suppose that you are standing now at time of expiration, and stock XYZ is trading at $19.50 per share. What is your net profit (or loss) on this investment?

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