Use the following quotes for jc penney stock options


Use the following quotes for JC Penney stock options: Picture Picture Assume you purchased the right to sell 4,400 shares of JC Penney stock in January 2013 at a strike price of $25 per share. Suppose the stock sells for $23.82 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 $30.33 per share? (Enter the rates of return for the 3-month period.) (Negative values should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Return on investment at $23.82 % Return on investment at $30.33 %

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Financial Management: Use the following quotes for jc penney stock options
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