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You are cautiously bullish on the common stock of the Wildwood Corporation over the next several months. The current price of the stock is $55

You are cautiously bullish on the common stock of the Wildwood Corporation over the next several months. The current price of the stock is $55 per share. You want to establish a bullish money spread to help limit the cost of your option position. You find the following option quotes: Wildwood Corporation Underlying Stock price: $55.00

Expiration Strike Call Put
June $ 50.00 $ 9.00 $ 2.25
June $ 55.00 $ 4.75 $ 3.50
June $ 60.00 $ 2.25 $ 8.00

Suppose you establish a bullish money spread with the puts. In June the stock's price turns out to be $57. Ignoring commissions, the net profit on your position is _______________.

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