Question: When ABC was trading at $52 per share, you wrote a put that you sold for $4.20 (for one share) on the stock of ABC

When ABC was trading at $52 per share, you wrote a put that you sold for $4.20 (for one share) on the stock of ABC with a strike price of $50, and six months until maturity. After six months, the share price of ABC is $49. What is your profit or loss? Losses should be entered as negative numbers. Do not include the $ sign and answer to the nearest $0.01.

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