Problem 20-6 Suppose you think App stock is going to appreciate substantially in value in the next year. Say the stock's current price. Se, is $150, and a call option expiring in one year has an exercise price, X of $150 and is selling at a price. C. of $12. With $14.400 to Invest, you are considering three alternatives a. Invest all $14.400 in the stock, buying 96 shares b. Invest all $14.400 in 1.200 oppons (12 contracts). c Buy 100 options (one contract for $1.200 and invest the remaining $13.200 in a money market fund paying 6% in Interest over 6 months (12% per year What is your rate of retum for each alternative for the following four stock prices in 6 months? (Leave no cells blank - be certain to enter "o" wherever required. Negative amounts should be indicated by a minus sign. Round the "Percentage return of your portfolio (Bills 100 options)" answers to 2 decimal places.) The total value of your portfolio in six months for each of the following stock prices is Price of Stock 6 Months from Now $ 150 $ 100 130 $ 170 Stock Price All stocks (00 shares) All options (1.200 options) Bills 100 options The percentage return of your portfolio in six months for each of the following stock prices is: Price of Stock 6 Months from Now 5 150 5 160 $ $ 170 130 % 9 46 Stock Price All stocks (0 shares) All options (1.200 options) Bills + 100 options