Question
Suppose you have $66,000 to invest. Youre considering Miller-Moore Equine Enterprises (MMEE), which is currently selling for $100 per share. You notice that a put
Suppose you have $66,000 to invest. Youre considering Miller-Moore Equine Enterprises (MMEE), which is currently selling for $100 per share. You notice that a put option with a $100 strike is available with a premium of $6.60. Calculate your percentage return on the put option for the 6-month holding period if the stock price declines to $94 per share. (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.)
Percentage return ______%
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