Additional Problem 1 On August 1, 2017, Nash Ltd. purchased a call option from DDR Investments Corporation. The option gave Nash the right to buy 14,000 shares in a third company, MGL Ltd., at a price of $21.25 per share. On the day Nash purchased the option, MGL shares were trading at $21.25 each. Nash paid $600 for the options. On August 31, 2017, the MGL shares were trading at $23.25 each, and the options for MGL shares were trading at $28,400. On September 15, Nash settled the options in cash when the MGL shares were trading at 24.50, and the options were trading at $41,000