Checked Writing Covered Calls BeginningStockPriceCallOptionStrikePriceCallOptionPremium83.787.501.50 Pat sold (wrote) 1,000 call options (ten contracts worth), and used the proceeds to help buy 1,000 shares of stock. At the end of the story, the stock price is: 84.75 Assume Pat liquidates her position (sells her shares either on the open market or because the options were exercised against her). What is Pat's total rate of return? A Between 1% and 4% B Between 4% and 6% C Between 6% and 8% D Between 8% and 11% Please put your answer on the Answer Sheet