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 $19.05 and writing a call with strike of $22.50 and option price of $3.20 . In one year you receive the stock's annual dividend of $0.75 and, furthermore, suppose the stock price has increased 20%. Find the rate of return for this buy-and-write strategy.

	a.	42.4%
	b.	56.5%
	c.	62.1%
	d.	51.4%
	e.	46.7%

please show working out!!