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Assume that Lois buys 300 shares of FG stock, which is currently trading at $52/share, and she also decides to sell covered calls of FG.
Assume that Lois buys 300 shares of FG stock, which is currently trading at $52/share, and she also decides to sell covered calls of FG. She sells three $89 calls for a per-share premium of $9.04 each. After three months, the calls are about to expire (and are exercised if in-the-money). FG has paid a dividend of $0.75 per share, and is currently trading at $92/share. What is Lois' total percent return? Enter your answer in percent form without the percent sign (e.g., for 50% put 50, not 0.5), rounding to the nearest two decimal places.
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