Strike Contract Name 8.00 9.00 9.50 JCP151127C00009500 074 069 0.78 1000 JCP151127C00010000 040 044 048 1050 CP151127C00010500 0.28 026 0.29 11.00 JCP151127C00008000 62 1.79 1.89 0.00 0.00 0.00 0.00 0.03 0.01 12 000% 0.00% 0.00% 000% 1200% -5.88% 56 45% 51.95% 5000% 4512% 43.75% 44.34% JCP151127C00009000 0.98 100 1.1 13 24 19 51 50 105 JCP151127C00011000 0 016 015 0.18 41 Strike Contract Name 7.00 8 50 9.00 9.50 UCP151127P00007000 006 003 008 CP151127P00008500 031 018 021 JCP151127PO0D09000 041 029 033 JCP151127P00009500 065 047 0.50 0.00 0.00 000% 000% 000% 000% 24 24 67.58% 53 13% 50 20% 49.22% 10 10 0.00 83 Assume you purchased the right to sell 3,600 shares of JCPenney stock in November 2015 at a strike price of $9.50 per share. Suppose the stock sells for $8.50 per share immediately before your options' expiration. What is the rate of return on your investment? What is your rate of return if the stock sells for $10.50 per share? Assume your holding period for this investment is exactly three months. (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your 3-month returns as a percent rounded to 2 decimal places.)