Calculation of total profit or loss on investment

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Reference no: EM1360889

You sold ten put option contracts on PLT stock with an exercise price of $32.50 and an option price of $1.10. Today, the option expires and the underlying stock is selling for $34.30 a share. Ignoring trading costs and taxes, what is your total profit or loss on this investment?

A. -$2,900
B. -$1,100
C. $700
D. $1,100
E. $2,900

Reference no: EM1360889

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