SHOW YOUR WORK Many individual investors employ a "buy-and-write" investment strategy that involves a long stock position and short call position. You implement the strategy by buying a stock at price $26.00 and writing a call with strike of $32.50 and option price of $2.80 . In one year you receive the stock's annual dividend of $2.60. Find the maximum rate of return that this strategy can possibly earn for you.

a. 38.5%

b. 42.4%

c. 51.3%

d. 46.6%

e. 35.0%