Part A:

Suppose you have $36,000 to invest. Youre considering Miller-Moore Equine Enterprises (MMEE), which is currently selling for $60 per share. You notice that a put option with a $60 strike is available with a premium of $3.60. Calculate your percentage return on the put option for the 6-month holding period if the stock price declines to $58 per share. (A negative value should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations. Enter your 6-month return as a percent rounded to 2 decimal places.)

Percentage return%

Part B:

An open-end mutual fund has the following stocks:

Stock	Shares	Stock Price
A	6,500	$	97
B	33,000		16
C	4,600		87
D	82,000		11

The fund has 51,000 shares and liabilities of $120,000. Assume the fund is sold with a front-end load of 4 percent. What is the offering price of the fund?

Offering price: