Question: 8 problems Help Save & Ex Cheo Suppose you have $30,000 to invest. You're considering Miller-Moore Equine Enterprises (MMEE), which is currently selling for $30

 8 problems Help Save & Ex Cheo Suppose you have $30,000

8 problems Help Save & Ex Cheo Suppose you have $30,000 to invest. You're considering Miller-Moore Equine Enterprises (MMEE), which is currently selling for $30 per share. You notice that a put option with a $30 strike is available with a premium of $3.00. Calculate your percentage return on the put option for the six-month holding period if the stock price declines to $27 per share. (A negative value should be indicated by a minus sign. Leave no cells blank -be certain to enter "O" wherever required. Do not round intermediate colculations. Enter your 6-month return as a percent rounded to 2 decimal places.) Percentage return ok

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