Question: 1 contract = 100 shares Question 25 2 points Save Answer You are short 3 contracts of 1-yr call option on Dow index with a

1 contract = 100 shares
Question 25 2 points Save Answer You are short 3 contracts of 1-yr call option on Dow index with a strike price (K) of $28,000. What will be your payoff at expiry if the Dow index level at expiry (S_T) becomes $20,000
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