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Exhibit 13-3
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On the last day of October, Bruce Springsteen is considering the purchase of 100 shares of Olivia Corporation common stock selling at $37 1/2 per share and also considering an Olivia option.
-Refer to Exhibit 13-3. If Bruce decides to buy a March call option with an exercise price of 35, what is his dollar gain (loss) if he closes his position when the stock is selling at 43 1/2?
Autonomy
The right or condition of self-government, especially in the context of individual moral, ethical, or personal decisions.
Absolute
A term typically used to describe something that is complete or total, often without limitation or qualification.
Infringed
To encroach upon someone’s rights or freedoms, or breach a law or agreement.
Reasonable Steps
Actions or measures that are considered sensible and proportionate in a given situation to achieve a specified outcome.
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