[Solved] You have purchased one SXO call option with a strike price of 1,250. You have written one naked SXO call option with the same maturity date at a strike price of 1,200. At maturity, what is your total payoff if the S&P Canada 60 index is at 1,230? A) $5,000 B) $1,000 C) $0 D) -$1,000 E) -$3,000 Imports: Goods or services brought into a country from abroad for sale or use. Consumer Surplus: The difference between what consumers are willing to pay for a good or service versus what they actually pay, representing a measure of consumer benefit. Tariff: A tax imposed by a government on goods and services imported from other countries, used to control trade. Restrictions: Rules or limitations placed on activities, movements, or trade to control or regulate actions.