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Many individual investors employ a buy-and-write investment strategy that involves a long stock position and short call position. You implement the strategy by buying a

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Many individual investors employ a "buy-and-write" investment strategy that involves a long stock position and short call position. You implement the strategy by buying a stock at price $26.00 and writing a call with strike of $32.50 and option price of $2.80. In one year you receive the stock's annual dividend of $2.60. Find the maximum rate of return that this a. 38.5% b. 42.4% c. 51.3% d. 46.6% choted habo e. 35.0% 232025102320

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