Suppose you think Apple stock is going to appreciate substantially in value in the next year. Say the stock's current price. S . Is $50. and a call option expiring in one year has an exercise price, X, of $50 and is selling at a price, C of $16. With $20,800 to Invest, you are considering three alternatives. a. Invest all $20,800 in the stock, buying 416 shares. b. Invest all $20,800 in 1,300 options (13 contracts). c. Buy 100 options (one contract) for $1,600, and invest the remaining $19.200 in a money market fund paying 4% in interest over 6 months (8% per year). What is your rate of return for each alternative for the following four stock prices in 6 months? (Leave no cells blank - be certain to enter"0" wherever required. Negative amounts should be indicated by a minus sign. Round the "Percentage return of your portfolio (Bills + 100 options)" answers to 2 decimal places.) The total value of your portfolio in six months for each of the following stock prices is: Price of Stock 6 Months from Now 48 $ 60 $ 60 $ $ Stock Price All stocks (416 shares) All options (1,300 options) Bills + 100 options 1 The percentage return of your portfolio in six months for each of the following stock prices is: Price of Stock 6 Months from Now 50 $ 60 % Stock Price All stocks (416 shares) All options (1,300 options) Bills 100 options . 1 of 8 !!! Next >