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Assume you purchased the right to sell 2,700 shares of JCPenney stock in November 2015...

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Finance

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Assume you purchased the right to sell 2,700 shares of JCPenney stock in November 2015 at a strike price of $9.00 per share Suppose the stock sells for $8.00 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 $10.00 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 $8.00 Return on investment at $10.00

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