Exhibit 13-3
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)

question 6

Multiple Choice

Exhibit 13-3
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)
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. $\begin{array}{lllll}&\quad\quad\quad\text { Calls } && \quad\quad\quad\quad\text { Puts }\\\hline\text { Price } & \text { December } & \text { March } & \text { December } & \text { March } \\\hline 35 & 33 / 4 & 5 & 11 / 4 & 2 \\40 & 21 / 2 & 31 / 2 & 41 / 2 & 43 / 4\end{array}$
-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?

• A) $225.00 loss
• B) $350.00 loss
• C) $225.00 gain
• D) $350.00 gain
• E) $850.00 gain

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Definitions:

Learning Transfer System Inventory

A tool designed to assess how well an organization supports the application of new skills and knowledge gained through training.

Transfer Resistance Points

Challenges or obstacles that hinder the successful application of learned skills or knowledge in different or real-world settings.

Diagnostic Tool

A method or device used to identify strengths and weaknesses before, during, or after training or interventions.

Transfer Of Training

The application of knowledge, skills, and attitudes learned in training sessions to the job, as well as the maintenance of these over time.