A collar is established by buying a share of stock for $54, buying a six-month put option with exercise price $47, and writing a six-month call option with exercise price $61. Based on the volatility of the stock, you calculate that for an exercise price of $47 and maturity of six months, N(d1)= 0.6555. What will be the gain or loss on the collar if the stock price increases by $1? (Input the amount as a positive value. Round your answer to 3 decimal places.)

Many jobs in the law, public safety, and security careers require training that does not aid in earning a degree. which best describes jobs that require licensure, on-the-job training, and certification? a. paramedics and correction officers need to be licensed, security guards need on-the-job training, and lawyers and fire inspectors need to be certified. b. security guards and lawyers need to be licensed, correction officers need on-the-job training, and paramedics and fire inspectors need to be certified. c. lawyers need to be licensed, paramedics and security guards need on-the-job training, and correction officers and fire inspectors need to be certified. d. fire inspectors and security guards need to be licensed, lawyers and correction officers need on-the-job training, and paramedics need to be certified.