Question: Suppose a trader buys a put option with a strike price of $50 and a premium of $2.86. When the option was purchased (three months

Suppose a trader buys a put option with a strike price of $50 and a premium of $2.86. When the option was purchased (three months previous), the stock traded for $49/share. At expiration, the stock traded for $54/share. What is the traders net profit or loss, per share?

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