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Suppose you have $ 5 5 , 0 0 0 to invest. You're considering Miller - Moore Equine Enterprises ( MMEE ) , which is

Suppose you have $55,000 to invest. You're considering Miller-Moore Equine Enterprises (MMEE), which is currently selling for $110 per share. You also notice that a call option with a $110 strike price and six months to maturity is available. The premium is $5.5. MMEE pays no dividends. What is your annualized return from these two investments if, in six months, MMEE is selling for $118 per share? What about $106 per share?-
Note: A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.
Answer is complete but not entirely correct.
\table[[,Annualized Return],[,Stock,,Option,],[$118 per share,15.07,%,111.57,%
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