Problem 3-18 Annualized Returns (LO2, LO4, CFA1) Suppose you have $28,000 to invest. You're considering Miller-Moore Equine Enterprises (MMEE), which is currently selling for $40 per share. You also notice that a call option with a $40 strike price and six months to maturity is available. The premium is $4. MMEE pays no dividends. What is your annualized return from these two investments if, in six months, MMEE is selling for $48 per share? What about $36 per share? (A negative value should be indicated by a minus sign. Do not round intermediate calculations.) Annualized Return Stock Option % % $48 per share $36 per share % %