In May, a customer buys 100 shares of ABC stock at $50 and buys 1 OEX Aug 500 Put @ $5. In August, the OEX is at 470, while the stock is at $45. The put ios exercised and the stock position is sold at teh current market price. The customer has a:

Colter steel has $5,550,000 in assets. temporary current assets $ 3,100,000 permanent current assets 1,605,000 fixed assets 845,000 total assets $ 5,550,000 assume the term structure of interest rates becomes inverted, with short-term rates going to 10 percent and long-term rates 2 percentage points lower than short-term rates. earnings before interest and taxes are $1,170,000. the tax rate is 40 percent earnings after taxes = ?