Exhibit 13-4
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S) $\$ 3.25$

question 20

Multiple Choice

Exhibit 13-4
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)
Rick Thompson is considering the following alternatives for investing in Davis Industries, which is now selling for $44 per share: 1) Buy 500 shares, and
2) Buy six month call options with an exercise price of 45 for $\$ 3.25$ premium.
-Refer to Exhibit 13-4. Assuming no commissions or taxes, what is the annualized percentage gain if the stock reaches $50 in four months and a call was purchased?

• A) 161.54% gain
• B) 53.85% gain
• C) 161.54% loss
• D) 11.11% gain
• E) 53.85% loss

Recognize medical uses for certain inhalants.

Identify health consequences of inhalant abuse.

Comprehend the behaviors and risks related to inhalant misuse.

Characterize the historical context of inhalant use.

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Definitions:

Majority of Seats

The condition where more than half of the available positions or seats within a particular assembly, such as a parliament or council, are held or occupied by members of a specific party or group.

Extradition

The formal process whereby one country or jurisdiction surrenders an individual to another country or jurisdiction where that individual is accused or convicted of a crime.

Treaty

A formal and legally binding agreement between two or more sovereign states, typically concerning peace, trade, alliances, or other international relations.

Canadian Citizen

An individual who legally belongs to Canada, either by birth or through the process of naturalization.