Suppose you have $28,000 to invest. Youre considering Miller-Moore Equine Enterprises (MMEE), which is currently selling for $40 per share. You notice that a put option with a $40 strike is available with a premium of $2.80. Calculate your percentage return on the put option for the six-month holding period if the stock price declines to $36 per share.(Do not round intermediate calculations. Enter your 6-month return as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Percentage return

%

Use the following bond quote:

				Moodys/
				S&P/Fitch
Company	Symbol	Coupon	Maturity	Rating	High	Low	Last	Change	Yield%
Intl Systems	ISU.GO	6.850%	May, 2032	Baa2/BBB/BB	102.817	91.865	93.231	1.650	7.482%

If you currently own 15 of the bonds, how much will you receive on the next coupon date?(Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Next payment

$