Assume you purchased the right to sell 3,000 shares of JC Penney stock in January 2013 at a strike price of $37 per share. Suppose the stock sells for $30.75 per share immediately before your options expiration. What is the rate of return on your investment? What is your rate of return if the stock sells for $37.25 per share? (Enter the rates of return for the 3-month period.)(Negative values should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)

Return on investment at $30.75	%
Return on investment at $37.25	%

put option chart price last CHG BID ASK $37 6.25 0.00 5.15 5.30