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14 Refer to the stock options on Apple in the Egue 20 Suppose you buy an June expiration call option on 20 shares with the

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14 Refer to the stock options on Apple in the Egue 20 Suppose you buy an June expiration call option on 20 shares with the excise price of $135. 6-1. If the stock price in June Is $157, will you exercise your call? 10 points eBook Yes No Print meteences 0-2. What is the net profit/loss on your position? (Input the amount as a positive value.) Net profit of Soved 0-3. What is the rate of return on your position? (Negative value should be indicated by a minus sign. Round your answer to 2 decimal places.) Rate of totum b-1. Would you exercise the call if you had bought the June call with the exercise price $1457 Yes No b-2. What is the net profit/loss on your position? (Input the amount as a positive value.) Net profit of b-3. What is the rate of return on your position? (Negative value should be indicated by a minus sign. Round your answer to 2 decimal places.) Rate of retum c-1. What if you had bought on June put with exercise price $135 instead? Would you exercise the put at a stock price of SUS? Yes No c-2. What is the rate of return on your position? (Negative value should be indicated by a minus sign) Rate of return % Strike Put 135 140 Call 763 3.80 Expiration May 12. 2017 May 12, 2017 May 12, 2017 June 16, 2017 June 16, 2017 June 16, 2017 FIGURE Option prices on Apple AAPL) April 18. 2017 22/1 145 161 135 B.05 480 140 10 207 390 66 250

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