Suppose you are a emotionally motivated investor (as opposed to a economically rational investor). Suppose you believe that GM's stock price is going to decline from its current level of $ 83.16 sometime during the next 2 months. For $ 827.39 (Initial premium) you could buy a 2-month put option giving you the right to sell 100 shares at a price of $ 78 per share. If you bought a 100-share contract for $ 827.39 and GM's stock price actually changed to $ 72.23 , your net profit (or loss) after exercising the option would be ______? Show your answer to the nearest .01. Do not use $ or , signs in your answer. Use a - sign if you lose money on the contract.

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