You have written a put option on xyz corporation common, Financial Management

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You have written a put option on xyz corporation common

You have written a put option on XYZ Corporation common stock. The option has an exercise price of $22.3 and an option premium of $1.94 per share. What is your payoff per contract is the stock price is $40 at expiration? Enter your answer as a dollar amount with cents

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Financial Management: You have written a put option on xyz corporation common

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