15 the stock options on Apple in the Figure 2.10. Suppose you buy an May expiration call option on 100 shares with the excise price of $145. 2-1. If the stock price in May is $153, will you exercise your call? Yes No a-2. What is the net profit/loss on your position? (Input the amount as a positive value.) Answer is complete and correct. of $ 639 Net profit 2-3. 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.) Answer is complete and correct. Rate of retum 396.89 b-1. Would you exercise the call If you had bought the May call with the exercise price $145? Yes NO b-2. What is the net profit/oss on your position? (Input the amount as a positive value.) 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 % 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 return c.1. What if you had bought an May put with exercise price $145 instead? Would you exercise the put at a stock price of $145? Yes No c-2. What is the rate of return on your position? (Negative value should be indicated by a minus sign.) Rate of retum % Strike Call Put FIGURE 2.10 Option prices on Apple (AAPL), April 18, 2017 135 1.17 140 Expiration May 12, 2017 May 12, 2017 May 12, 2017 June 16, 2017 June 16, 2017 June 16, 2017 7.63 3.80 1.61 8.05 145 2.71 5.60 2.07 3.90 135 Note: Apple stock price on April 18, 2017 was $141.20. Source: Compiled from data downloaded from Nude 140 4.80 145 2.50 6.65