A trader creates a bear spread by selling a six-month put option with a $25 strike price for $1.00 and buying a six-month put option with a $29 strike price for $2.50. What is the initial investment (in $ per share, i.e enter 4.00, not 400, for one spread)? Please enter your answer as a number with two decimal places (no dollar sign).

A trader creates a bear spread by selling a six-month put option with a $25 strike price for $1.00 and buying a six-month put option with a $29 strike price for $2.50. What is the net payoff (i.e. the gross payoff of the spread minus the cost of the spread) when the stock price in six months is $23? Please enter your answer as a number with two decimal places (no dollar sign).