Question 19 2.5 pts You buy a put contract to open with a strike price of $50 and you pay a put premium of $3 per share. The underlying stock is trading at $48.75. Which of the following statements is true? The contract is in the money and if you exercise you will earn a net profit on the transaction. The contract is in the money and if you exercise you will earn a gross profit proht on the transaction but not a net profit. The contract is in the money and if you exercise you will earn a net profit and a gross profit on the transaction. The contract is out of the money