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 he is also considering Olivia options. Price 35 40 Calls December 3 3/4 2 1/2 March 5 3 1/2 Puts December 1 1/4 4 1/2 March 2 4 3/4 If Bruce buys a March put option with an exercise price of 40, what is his dollar gain (loss) if he closes his position when the stock is selling at 43 1/2