You purchased a put option on M common stock. The option has an exercise price of $47 and Ms stock currently trades at $49. The option premium is $0.80per share. a. What is your net profit on the option if Ms stock price does not change over the life of the option? b. What is your net profit on the option if Ms stock price falls to $44 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)) a. Net profit per share b. Net profit per share