David purchases 100 shares of a stock with market price of $35.30 per share.

A call option on this stock with exercise price of $50 has a premium of $1.79. A put option with exercise price of $30 has a premium of $3.66. If David uses these two options to form a collar, what will be his net before-tax per share dollar return if the stock price is $40.21 at expiration? Round the answer to two decimals.

Answer rating: 100% (QA)

The cost of purchasing 100 shares of the stock at 3530 per share is 100 shares x 3530 per share 3530 ... View the full answer