Use the following quotes for Target stock options:

Assume you purchased the right to sell $2,300$ shares of Target stock in March $2022$ at a strike price of $$210$ per share.

Suppose Target stock sells for $$197$ 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 $$220$ 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.