Use the following quotes for Target stock options: Calls for March 15, 2019 Contract Name TGT150316C00050000 TOT15031600000000 TGT150316000057600 Last Trade Date Strike Last Price Bid Ask Change Change 2018-12-19 3.37PM EST 5000 13.66 2005 20 30 0.00 2019-01-07 10:40AM EST 55.00 14.53 15:36 15.60 0.00 2013-12-19 2.68PM EST 57.50 7.90 12.96 13 20 0.00 2019-01-08 9.63AM EST 02.00 7.80 3.70 3.85 -0.57 6.319 TOT 190316C00002600 TGT190316C00007800 2019-01-08 11:11AM EST 07.10 2019-01-08 1:22PM EST 72.50 5.32 5.25 5.40 +0.19 +3.70% 283 2.79 285 +0.04 -1.43% TGT150316C00072600 Puts for March 15, 2019 Contact Name TOT 190316P00045000 Last Trade Date Serke Last Price $d Ask Change Change 2019-01-02 10:24AM EST 46.00 0.20 0.09 0.12 0.00 2019-01-08 10:38AM EST 47.50 0.19 0.14 0.16 0.51 -7280% 2018-01-07 12:24PM EST 6000 0.25 0.20 0.22 0.00 TOT 190316P00047600 TOT150316P00050000 2019-01-08 12:13PM EST 56.00 TOT190316P00056000 TGT150315P00057800 TOT 190316P00000000 2019-01-08 10:38AM EST 57.50 2018-01-08 1:18PM EST 60.00 0.49 0.45 0.45 -0.02 0.84 0.68 0.70 0.02 2.44 1.07 103 105 -0.13 10.33% Assume you purchased the right to sell 3.200 shares of Target stock in March 2019 at a strike price of $55 per share. Suppose Target stock sells for $53 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 $62 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 a: 553 Return on investment at 562