This example is part of "Hedged Portfolios" to minimize risk. Assume you have $9000 to invest; A stock is trading at $90.00. A call option that expires in one year with a strike price of $90.00 is trading at $10.00.

What is your portfolio's 1-year return if you invest in "Only Options" and the the stock price after one year is $48.00? Enter your answer in the following format: + or - 0.1234

Hint1: Answer is between -0.92 and -1.09

Hint2: +100% is same as 1, +50% is same as 0.5, -50% is same as -0.5, and -90% is same as -0.9