You want to buy $15000 worth of shares in Tootsie Roll Industries Inc. on margin, but you only have $10000 of your own money to invest. You will borrow the remainder by short-selling the risk free asset. What is the portfolio weight for the risk free asset? Express your answer in decimal form (not percentage) and round your answer to two decimal places. Apple Inc. call options with a strike price of $245 are trading at a premium of $12. Apple shares are trading for $260 per share. Assume one share per option contract and assume that the options are American. To take advantage of this option price you should: 1. Buy a share of Apple II. Buy a call option III. Sell a call option IV. Exercise the call option V. Sell a share of Apple 1) ll then III 2) I then III then IV 3) I then I then IV 4) ll then IV then V