Stock Purchase Price = $100 Call option Price 20 Exercise price from athe call option 90 State of the Year-end Cash Economy Probability Stock Price Dividends Excellent 0.25 126.50 4.50 Good 0.45 110.00 4.00 Poor 0.25 89.75 3.50 Crash 0.05 46.00 2.00 Calculate the end of year returns under the four possible scenarios? What are the maximum gains you can generate from this portfolio? Assume your portfolio consists of one stock and one call option