**** One year ago, you purchased 300 shares of Southern Cotton at $32.60 a share. During the past year, you received a total of $280 in dividends. Today, you sold your shares for $35.80 a share. What is your total return on this investment?

*** You purchased nine call option contracts with a strike price of $50 and an option premium of $2.25.You closed your contract on the expiration date when the stock was selling for $67.40 a share. What is your total profit or loss on your option position?

*** You purchased four put option contracts with a strike price of $95 and a premium of $1.09. What is the total net amount you will receive for your shares if you exercise this contract when the underlying stock is selling for $85.5 a share?