Strike Call Put 135 7.63 1.17 Expiration May 12, 2017 May 12, 2017 May 12, 2017 June 16, 2017 140 3.80 2.71 145 1.61 5.60 135 8.05 2.07 June 16, 2017 140 4.80 3.90 June 16, 2017 145 2.50 6.65 Refer to the stock options on Apple in the Figure 2.10 Suppose you buy an June expiration call option on 100 shares with the price of $145. a-1. If the stock price in June is $148, 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.) Answer is complete but not entirely correct. Net profit of $ 505 X 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.) a-3. What is the rate of return on your position? (Negative value should be indicated by a minus sign. Round your ans decimal places.) X Answer is complete but not entirely correct. Rate of return 62.73 X % b-1. Would you exercise the call if you had bought the June call with the exercise price $140? Yes No b-2. What is the net profit/loss on your position? (Input the amount as a positive value.) b-2. What is the net profit/loss on your position? (Input the amount as a positive value.) Answer is complete but not entirely correct. Net profit of $ 80 % 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.) Answer is complete but not entirely correct. Rate of return 96.05 X %