Refer to the stock options on Apple in the Figure 2.10. Suppose you buy an May expiration call option on 100 shares with the excise price of $140. a-1. If the stock price in May is $14B, will you exercise your call? Yes No a-2. What is the net profit loss on your position? (Input the amount as a positive value.) of a-3. What is the rate of return on your position? (Negative value should be indicated by a minus sign. Round your answer to 2 decimal places.) Rate of return b-1. Would you exercise the call if you had bought the May call with the exercise price $145? Yes No b-2. What is the net profit/loss on your position? (Input the amount as a positive value.) b-3. What is the rate of return on your position? (Negative value should be indicated by a minus sign. Round your answer to 2 decimal places.) Rate of return c-1. What if you had bought an May put with exercise price $140 instead? Would you exercise the put at a stock price of c-1. What if you had bought an May put with exercise price $140 instead? Would you exercise the put at a stock price of $1402 Yes No c-2. What is the rate of return on your position? (Negative value should be indicated by a minus sign.) Rate of return % Strike Call Put Expiration May 12, 2017 May 12, 2017 May 12, 2017 June 16, 2017 June 16, 2017 June 16, 2017 135 140 145 135 140 145 7.63 3.80 1.61 8.05 4.80 2.50 1.17 2.71 5.60 2.07 3.90 6.65