Use the following quotes for Target stock options:

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 $$240$ per share. Suppose

Target stock sells for $$208$ 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 $$272$ 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.