| Suppose you have $36,000 to invest. You’re considering Miller-Moore Equine Enterprises (MMEE), which is currently selling for $60 per share. You notice that a put option with a $60 strike is available with a premium of $3.6. Calculate your percentage return on the put option for the six-month holding period if the stock price declines to $58 per share. (Negative value should be indicated by a minus sign. Leave no cells blank – be certain to enter “0” wherever required. Do not round intermediate calculations. Enter your 6-month return as a percent rounded to 2 decimal places. Omit the “%” sign in your response.) |
| Percentage return | % |
#19-
| A mutual fund sold $158 million of assets during the year and purchased $132 million in assets. If the average daily assets of the fund were $496 million, what was the fund turnover? (Enter your answer as a percent rounded to 2 decimal places. Omit the “%” sign in your response.) |
| Fund turnover | % |
