7 You took a long position in M common stock put option. The option has an exercise price of $53 and M's stock currently trades at $55. The option premium is $0.80 per share. per share If M's stock price is $54 at expiration of the option, your net profit on the option is, (if your answer is a negative number, you should include negative sign, e.g.-4.0) 31:17