Use the following quotes for Target stock options: Calls for March 18, 2019 Contract Name TOT150316C0000000 Last Trade Date Strike Last Price Bid Ask Change Change 2018-12-19 3:37PM EST 6000 13.56 2005 20.30 0.00 2019-01-07 10:40AM EST 6600 14.53 16.35 15.60 0.00 2018-12-19 2.58PM EST 57.50 7.90 12.96 13.20 0.00 TGT190316000060000 TGT190316C00057800 7.80 3.70 3.85 0.57 TOT 190316C000-2500 TGT190316C00007000 2019-01-08 9:53AM EST 62.50 2019-01-08 11:11AM EST 67.50 6.32 5.25 5.40 +0.19 +3.70% 283 2.79 285 +0.04 +1.43% TGT190316C00072500 2019-01-08 1:22PM EST 72.50 Puts for March 15, 2019 Contract Name TOT 190316P00045000 TOT150316P00047800 TOT150316P00050000 Last Trade Date Strike Last Price 3d Ask Change Change 2018-01-02 10:24AM EST 45.00 0.20 0.09 0.12 0.00 2018-01-08 10:38AM EST 47.50 0.19 0.14 0.16 0.51 -72.80% 2018-01-07 12:24PM EST 6000 0.25 0.20 022 0.00 2019-01-08 12:13PM EST 66.00 0.49 0.45 0.45 0.02 2018-01-08 10:38AM EST 57.60 0.84 0.68 0.70 +0.02 +2.44% 2018-01-08 1:18PM EST 00.00 1,07 1,03 1,05 -0.13 10.33% TOT 190316P00056000 TOT190316P00057800 TOT150316P00000000 Assume you purchased the right to sell 3,000 shares of Target stock in March 2019 at a strike price of $55 per share. Suppose Target stock sells for $51 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 $60 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 $51 Return on investment at 500