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Rachel is considering an investment in Yonan Communications, whose stock currently sells for $ 6 0 . A put option on Yonan's stock, with an

Rachel is considering an investment in Yonan Communications, whose stock currently sells for $60. A put option on Yonan's stock, with an exercise price of $55, has a market value of $2.89. Meanwhile, a call on the stock with the same exercise price and time until expiration has a market value of $9.20. The market believes that at the expiration of the options, the stock price will be $50 or $75 with equal probability. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below.
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