Suppose you bought 25 put option contracts with a strike price of $49.22. The option

premium is $3.1 per contract. Just before the option expires, the stock is selling for

$47.07. What is your net profit (or loss)? Ignore commissions. (Assume each option

contract is based on 100 shares of stock)

(Note: Please retain at least 4 decimal places in your calculations and 2 decimal places in the final answer)

The net profit (or loss) is $