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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 $50

You are cautiously bullish on the common stock of the Wildwood Corporation over the next several months. The current price of the stock is $50 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 Corp Underlying Stock price: $50.00
Expiration Strike Call Put
June 45.00 8.50 2.00
June 50.00 4.50 3.00
June 55.00 2.00 7.50

Suppose you establish a bullish money spread with the puts. In June the stock's price turns out to be $52. Ignoring commissions, the net profit on your position is _______________.

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