Suppose you have $$42,000$ to invest. You're considering Miller$-$Moore Equine Enterprises $($MMEE$),$ which is currently selling for $$50$ per share. You notice that a put option with a $$50$ strike is available with a premium of $$2\mathrm{.}40.$ Calculate your percentage return for the six$-$month holding period if the stock price declines to $$46$ per share.

Note: A negative value should be indicated by a minus sign. Leave no cells blank $-$ be certain to enter $"$O$"$ wherever required. Do not round intermediate calculations. Enter your $6-$month return as a percent rounded to $2$ decimal places.

Answer is complete but not entirely correct.

Percentage return

$-100\mathrm{.}00$

$\%$

Use the following corn futures quotes:

$\backslash$table$[[,$Corn,$5,000$ bushels$],[$Contract Month,Open,High,Low,Settle,Change,Open Interest,,$],[$March$,455\mathrm{.}125,457\mathrm{.}000,451\mathrm{.}750,452\mathrm{.}000,-2\mathrm{.}750,597,913,,],[$May$,467\mathrm{.}000,468\mathrm{.}000,463\mathrm{.}000,463\mathrm{.}250,-2\mathrm{.}750,137,547,,],[$July$,477\mathrm{.}000,477\mathrm{.}500,472\mathrm{.}500,473\mathrm{.}000,-2\mathrm{.}000,153,164,,],[$September$,475\mathrm{.}000,475\mathrm{.}500,471\mathrm{.}750,472\mathrm{.}250,-2\mathrm{.}000,29,258,,]]$

Suppose you sell $16$ of the May corn futures at the high price of the day. You close your position later when the price is $467\mathrm{.}500.$ Ignoring commission, what is your dollar profit on this transaction?

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.

Dollar profit