You buy one Xerox June 70 call co premium is $5 and the put premium is $3. June 70 call contract and one June 70 put contract. The call price is equal to ne put premium is S3. At expiration, you break even if the stock (choose the most correct answer). 1) $52 2) $60 3) $68 4) both A and C. 5) none of the above. 26. hased a stock index fund at $1200 per share. To protect his loss, he also purchased an at-the-money European put option an at-the-money European put option the fund for S60 with three- me to expiration. Suppose stock price on the expiration day is 1400, What's Joe's expected return on his investment? 1) -12% 2) 4.8% 3) 11.1% 4) 66.7% 5) 3.17% 27. Joe purchased a stock index fund at $1200 per share. To protect his loss, he also purchased an at-the-money European put option the fund for $60 with three- month time to expiration. Suppose stock price on the expiration day is 1400 with probability of 50% and 1000 with probability of 50%. What's Joe's expected return on his investment? 1) -12% 2) 4.8% 3) 11.1% 4) 66.7% 5) 3.17%