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Return on Stock Options.Maryanne paid $401 for a call option on a stock. The option gives her the right to buy the stock for $54.25

Return on Stock Options.Maryanne paid $401

for a call option on a stock. The option gives her the right to buy the stock for $54.25

per share until March 1st. On February 15th, the stock price rises to $61.29

per share, and Maryanne exercises her option.

What is Maryanne's return from this transaction?

(Hint: Ignore transaction costs.)

Maryanne's return from this transaction is____%

(Round to the nearest percent.)

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