Suppose an investor holds the following portfolio:

$(1)$ A short futures contract on $100$ shares of Apple stock with the maturity at March $15$th$,2024,$ with the

futures price of $$104$ share; and

$(2)$ a long position in a European put option on Apple stock with the same maturity as the futures

contract $($March $15$th$,2024).$ The strike price of the put option is $$104$ share.

Note: one option or futures contract has the size of $100$ shares.

Ignoring the cost of the put option, what is the payoff of the portfolio when the share price of Apple

stock is $ $100$ share on March $15,2024?$

Please report the number with at most two decimals after the decimal point without the dollar sign

$($e$.$g$.,00\mathrm{.}00.$ You do not have to write the dollar in your solution$).$

Please use the minus sign $(-)$ for losses.