1. You wrote 11 Jade Inc. 55 put option contracts for an option premium of $1.73. What is your net gain or loss on this investment if the price of Jade is $55.51 on the option expiration date? (Round answer to 2 decimal places. Do not round intermediate calculations).
2. Stock X has an average (arithmetic) return of .0983 and a standard deviation of .208. What is the geometric average return?