Bid Calls for March 15, 2019 Contract Name Last Trade Date Strike Last Price Ask Change % Change TGT 190315000050000 2018-12-19 3:37PM EST 50.00 13.55 20.05 20.30 0.00 TGT190315000055000 2018-01-07 10:40AM EST 55.00 14.53 15.35 15.50 0.00 TGT190315000057500 2018-12-19 2:58PM EST 57.50 7.90 12.95 13.20 0.00 TGT190315C00062500 2018-01-08 9:53AM EST 82.50 8.70 8.85 -0.57 -8.8196 TGT 190315C00087500 2018-01-08 11:11AM EST 87.50 5.32 5.25 +0.19 +3.70% TGT190315C00072500 2019-01-08 1:22PM EST 72.50 +0.04 +1.439 7.80 5.40 2.83 2.79 2.85 Puts for March 15, 2019 Contract Name Last Trade Date Strike Last Price Bid Ask Change % Change TGT190315P000 45000 2018-01-02 10:24AM EST 45.00 0.20 0.09 0.12 0.00 TGT190315P00047500 2018-01-08 10:38AM EST 47.50 0.19 0.14 0.16 -0.51 -72.86% TGT190315P00050000 2018-01-07 12:24PM EST 50.00 0.25 0.20 TGT190316P00055000 2018-01-08 12:13PM EST 55.00 -0.02 -3.92% TGT190315P00057500 2019-01-08 10:38AM EST 57.50 TGT 190316P00080000 2018-01-08 1:18PM EST 60.00 -0.13 -10.83% 0.22 0.00 0.49 0.45 0.48 0.84 0.88 0.70 +0.02 +2.44% 1.07 1.03 1.05 Assume you purchased the right to sell 3,800 shares of Target stock in March 2019 at a strike price of $55 per share. Suppose Target stock sells for $51 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 $60 per share? Assume your holding period for this investment is exactly three months. (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your 3-month returns as a percent rounded to 2 decimal places.) % Return on investment at $51 Return on investment at $60 %