Use the following information to answer the next three questions.
Suppose a trader believes the value of BMC Inc will increase over the next three months and decides to use two european 3 month call options and one european 3 month put option to trade based on their belief. Each call option has a strike price of $40 and a premium of $3. The put option has an exercise price and premium of $40 and $1, respectively.
Find the trader's profit/loss in dollars if BMC trades for $37 when the options expire. Round intermediate steps to four decimals and your final answer to two decimals. Do not use the dollar sign or words when entering your response.