Jeremy bought 100 shares of Scotiabank at a price of $50.00. Today it is trading at $58 so he purchased a May 2019 protective put with an exercise price of $58 and a premium of $4.55. He did this on one contract. If the price of Scotiabank at the close of trading on the third Friday of May was $48, what is Jeremys profit or loss from going long the share and owning a protective put?

show work :)