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Suppose you have $ 3 6 , 0 0 0 to invest. You're considering Miller - Moore Equine Enterprises ( MMEE ) , which is

Suppose you have $36,000 to invest. You're considering Miller-Moore Equine Enterprises (MMEE), which is currently selling for $60 per share. You notice that a put option with a $60 strike is available with a premium of $3.60. Calculate your percentage return for the six-month holding period if the stock price declines to $58 per share.
Note: A negative value should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations. Enter your 6-month return as a percent rounded to 2 decimal places.
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