Q13. You bought 6 contacts of a put option with the exercise price of $50 and an expiration of three months. At expiration the price of the stock goes up by 10% of the exercise price. You had paid only $2 premium per share for each share of the option. In this case, the rate of return for three months is a. ($5-$2)/$2 b. 1.50 (which is 150%) c. Both a and b d. 50% loss e. 100% loss