You have purchased a put option on Texas Instrument's common stock. The option has an exercise price of $50 and Texas Instrument's stock currently trades at $52. The option premium is $0.50 per contract. a. What is your net profit on the option if Texas Instrument's stock price does not change over the life of the option? b. What is your net profit on the option if Texas Instrument's stock price falls to $48 and you exercise the option? (For all requirements, negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places. (e.g. 32.16)) 1. Net profit b. Net profit per share per share