31. Examine the stocks listed in Figure 2.8. For how many of these stocks is the 52-week high price at least 40% greater than the 52-week low price? What do you conclude about the volatility of prices on individual stocks? (LO 2-1)

24. Which security should sell at a greater price? (LO 2-3)

a. A 10-year Treasury bond with a 9% coupon rate or a 10-year T-bond with a 10% coupon.

b. A three-month expiration call option with an exercise price of $40 or a three-month call on the same stock with an exercise price of $35.

c. A put option on a stock selling at $50 or a put option on another stock selling at $60. (All other relevant features of the stocks and options are assumed to be identical.)

\begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline G & SYMBOL & CLOSE & \begin{tabular}{l} NET \\ CHG \end{tabular} & VOLUME & \begin{tabular}{c} 52 \\ WEEK \\ HIGH \end{tabular} & \begin{tabular}{c} 52 \\ WEEK \\ LOW \end{tabular} & DIV & YIELD & PE & \begin{tabular}{c} YTD \\ % CHG \\ \end{tabular} \\ \hline \begin{tabular}{l} Gap \\ Gartner \\ GasLog \\ GasLog Partners \\ GATX \\ Gazlt-Globe \\ GenCorp \\ Generac Holdings \\ General Cable \\ General Dynamics \\ General Electric \end{tabular} & \begin{tabular}{l} GPS \\ IT \\ GLOG \\ GLOP \\ GMT \\ GZT \\ GY \\ GNRC \\ BGC \\ GD \\ GE \end{tabular} & \begin{tabular}{r} 44.12 \\ 76.36 \\ 24.91 \\ 31.59 \\ 64.10 \\ 12.61 \\ 17.31 \\ 42.72 \\ 20.47 \\ 127.75 \\ 26.21 \end{tabular} & \begin{tabular}{r} 0.09 \\ 0.02 \\ 1.11 \\ 1.24 \\ 0.83 \\ 0.26 \\ -0.01 \\ -0.53 \\ -0.16 \\ 0.90 \\ 0.29 \end{tabular} & \begin{tabular}{r} 2,696,353 \\ 372,214 \\ 1,291,997 \\ 34,738 \\ 259,151 \\ 7,478 \\ 451,629 \\ 651,462 \\ 983,060 \\ 1,244,284 \\ 27,026,512 \end{tabular} & \begin{tabular}{r} 46.84 \\ 76.82 \\ 32.44 \\ 37.39 \\ 69.87 \\ 14.07 \\ 19.77 \\ 62.50 \\ 34.61 \\ 128.34 \\ 28.09 \end{tabular} & \begin{tabular}{l} 36.13 \\ 56.57 \\ 14.02 \\ 25.50 \\ 45.27 \\ 12.12 \\ 15.01 \\ 39.01 \\ 20.21 \\ 83.61 \\ 23.50 \end{tabular} & \begin{tabular}{r} 0.88 \\ \\ 0.48 \\ \\ 1.32 \\ \\ \\ 0.72 \\ 2.48 \\ 0.88 \end{tabular} & \begin{tabular}{r} 1.99 \\ \\ 1.93 \\ 2.. \\ \\ \\ .. \\ 1.94 \\ 3.36 \end{tabular} & \begin{tabular}{r} 15.99 \\ 36.71 \\ 40.84 \\ 0.04 \\ 14.54 \\ 1.69 \\ 7.58 \\ 15.82 \\ ..dd \\ 19.30 \\ 18.23 \end{tabular} & \begin{tabular}{r} 12.90 \\ 7.47 \\ 45.76 \\ 20.99 \\ 22.87 \\ -5.97 \\ -3.94 \\ -24.58 \\ -30.40 \\ 33.70 \\ -6.49 \end{tabular} \\ \hline \end{tabular}