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An investor buys a put option to purchase 1 , 0 0 0 shares with a strike price of $ 5 0 , the current

An investor buys a put option to purchase 1,000 shares with a strike price of $50, the current stock price is $48, and option price is $3. What is his/her net gain/loss from the investment if the price on expiration date is $52?

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