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Planning #1 (similar to): Return on Stoc I :-Question Help Return on Stock Options. Maryanne paid $391 for a call option on a stock. The

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Planning #1 (similar to): Return on Stoc I :-Question Help Return on Stock Options. Maryanne paid $391 for a call option on a stock. The option gives her the right to buy the stock for $31.58 per share until March 1st. On February 15th, the stock price rises to $37.99 per share, and Maryanne exercises her option. What is Maryanne's return from this transaction? (Hint: Ignore transaction costs.) Maryanne's return from this transaction is | %. (Round to the nearest percent)

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