Three friends Tom, Jerry, and Kate are members of an investment club. They each have a total of 10,000 to invest in three companies A, B, and C. On 1st Nov 2016, the following prices were available () A 55 13 Share Call Put Strike price, K 0.91 2.48 58 B 110 2.17 4.33 115 0.89 0.09 12.5 They made the following investments (not considering any dividends and commissions) Tom bought 80 A shares, 200 B calls and saved the rest of the money in the bank Jerry bought 50 B shares, 400 C puts and saved the rest of the money in the bank Kate bought 50 A shares, 100 B calls and spent the rest on C shares. The options expired after six months and the bank interest rate was 5% compounded continuously (assume that fractional numbers of shares may be purchased). If, at the end of six months, A shares were worth 59, B shares 108 and C shares 12, find the value of each of the three friends portfolios and, hence the returns they made on their original investment of 10,000. Three friends Tom, Jerry, and Kate are members of an investment club. They each have a total of 10,000 to invest in three companies A, B, and C. On 1st Nov 2016, the following prices were available () A 55 13 Share Call Put Strike price, K 0.91 2.48 58 B 110 2.17 4.33 115 0.89 0.09 12.5 They made the following investments (not considering any dividends and commissions) Tom bought 80 A shares, 200 B calls and saved the rest of the money in the bank Jerry bought 50 B shares, 400 C puts and saved the rest of the money in the bank Kate bought 50 A shares, 100 B calls and spent the rest on C shares. The options expired after six months and the bank interest rate was 5% compounded continuously (assume that fractional numbers of shares may be purchased). If, at the end of six months, A shares were worth 59, B shares 108 and C shares 12, find the value of each of the three friends portfolios and, hence the returns they made on their original investment of 10,000