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Monika purchased 5 put option contracts at an option premium of $1.20 and a strike price of $52.50. At expiration, the stock price was $46.80.

Monika purchased 5 put option contracts at an option premium of $1.20 and a strike price of $52.50. At expiration, the stock price was $46.80. What is Monikas net profit or loss?

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