3) Investor A purchases an ABC/June/50 call on March 1 (an option to purchase 100 shares of ABC Corporation stock for $50 per share expiring in June). Assume that A pays $300 premium to the option writer, and further that A pays $25 commission to her broker. What is A's basis in the option? 4) Assume same facts as in Example 3. After the option was purchased, the price of ABC stock increases and A sells the option for $500. A pays a $25 commission on the sale. What amount of long term or short term gain or loss should A report? 3) Investor A purchases an ABC/June/50 call on March 1 (an option to purchase 100 shares of ABC Corporation stock for $50 per share expiring in June). Assume that A pays $300 premium to the option writer, and further that A pays $25 commission to her broker. What is A's basis in the option? 4) Assume same facts as in Example 3. After the option was purchased, the price of ABC stock increases and A sells the option for $500. A pays a $25 commission on the sale. What amount of long term or short term gain or loss should A report