TGT190315000087500 TGT190315C00072500 2019-01-08 11:11AM EST 67.50 2019-01-08 1:22PM EST 72.50 5.32 5.25 5.40 +0.19 +3.70% 2.83 2.79 2.85 +0.04 +1.43% Puts for March 15, 2019 Contract Name Last Trade Date Strike Last Price Bid Ask Change % Change TGT 190315P00045000 2019-01-02 10:24AM EST 45.00 0.20 0.09 0.12 0.00 TGT190316P00047500 2019-01-08 10:38AM EST TOT190315P00050000 2019-01-07 12:24PM EST TGT190315P00055000 2019-01-08 12:13PM EST TGT190316P00057800 2019-01-08 10:38AM EST 57.50 TGT190315P00000000 2019-01-08 1:18PM EST 60.00 47.50 0.19 0.14 0.16 -0.51 -72.80% 50.00 0.25 0.20 0.22 0.00 55.00 0.49 0.45 0.48 -0.02 -3.92% 0.84 0.68 0.70 +0.02 +2.44% 1.07 1.03 1.05 -0.13 -10.83% Assume you purchased the right to sell 3,900 shares of Target stock in March 2019 at a strike price of $55 per share. Suppose Target stock sells for $54 per share immediately before your options' expiration. What is the rate of return on your investment? What is your rate of return if the stock sells for $65 per share? Assume your holding period for this investment is exactly three months. (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your 3-month returns as a percent rounded to 2 decimal places.) Return on investment at $54 Return on investment at $65 %