Suppose you think AppX stock is going to appreciate substantially in value in the next year. Say the stock$$s current price, S$0,$ is $$100,$ and a call option expiring in one year has an exercise price, X$,$ of $$100$ and is selling at a price, C$,$ of $$10.$ With $$10,000$ to invest, you are considering three alternatives.

$1.$ Invest all $$10,000$ in the stock, buying $100$ shares.

$2.$ Invest all $$10,000$ in $1,000$ options $(10$ contracts$).$

$3.$ Buy $100$ options $($one contract$)$ for $$1,000,$ and invest the remaining $$9,000$ in a money market fund paying $4\%$ annual interest.

page $691$What is your rate of return for each alternative for the following four stock prices in one year? Summarize your results in the table and diagram below