1. You are bullish on a particular security and have $500 to invest. The stock is trading for $100. Call options with a strike price of $100 are trading for $1.00. You decide to invest your entire $500 by purchasing the equities. After 1 month the stock price goes up to $115 and you liquidate liquidate your position? What was your profit?

2. You are bullish on a particular security and have $500 to invest. The stock is trading for $100. Call options with a strike price of $100 are trading for $1.00. You decide to invest your entire $500 by purchasing the equities. After 1 month the stock price goes up to $115 and you liquidate liquidate your position? What is your Holding Period Return?

3. You decide to invest your entire $500 by purchasing the equities. After 1 month the stock price goes down to $85 and you liquidate liquidate your position? What is your profit?