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You purchased one SPX put option with a strike of 1,400. You wrote one SPX put...

You purchased one SPX put option with a strike of 1,400. You wrote one SPX put option with the same maturity date and a strike of 1,300. At maturity, what is your total payoff if the S&P 500 index is 1,320? Please show your works. Thanks.

A)-$2,000
B)$8,000
C)$4,000
D)-$8,000
E)$2,000

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