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Use the following quotes for Target stock options: [ [ , Calls, ] , [ Ticker , Bid,Ask,Last,IVM,Volume, ] , [ TGT 3 / 1

Use the following quotes for Target stock options: [[,Calls,],[Ticker,Bid,Ask,Last,IVM,Volume,],[TGT 3/18/22 C200,20.15,21.60,29.00y ,35.07,,],[TGT 3/18/22 C210,13.45,13.80,14.25,32.58,16,],[TGT 3/18/22,C220,8.35,8.65,9.65,31.34,20],[TGT 3/18/22,C230,4.85,5.15,5.10,31.07,35],[TGT 3/18/22 C240,2.70,2.95,2.85,31.08,16,]][[Ticker,Puts],[Bid,Ask,Last,IVM,Volume],[TGT (3)/(18)/22 P200,5.00,5.15,4.95,34.16,18],[TGT (3)/(18)/22 P210,8.30,8.50,8.35,32.35,38],[TGT (3)/(18)/22 P220,12.85,13.45,12.55,31.34,6],[TGT (3)/(18)/22 P230,19.15,19.80,18.49,30.06,9],[TGT (3)/(18)/22 P240,26.05,27.80,25.83,28.44,5]] Source: Bloomberg Finance L.P. Assume you purchased the right to sell 2,000 shares of Target stock in March 2022 at a strike price of 230 per share. Suppose Target stock sells for205 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 255 per share (think about it)? Assume your holding period for this investment is exactly three months. Note: A negaive 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 at205,%

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