Question: Could you please help me figure out how to solve this question? I am not finding an example to learn from. Chapter 18.xisx - Excel

Could you please help me figure out how to solve this question? I am not finding an example to learn from.

Chapter 18.xisx - Excel Data Review Tell me what you want to do Formulas View Help ACROBAT Power Pivot AutoSum " Normal Bad Good Neutral ab Wrap Text General Fill - A A Sort & Find & Explanatory ... Input Insert Delete Format Clear 2 . A . Merge & Center - $ + % " Conditional Format as Calculation Check Cell Filter . Select . Formatting * Table Cells Editing Alignment Number Styles T U V W X D E F G H K M N O P Q R S 6. Options and leverage Part of the appeal of purchasing options is that they allow investors to gain a high degree of personal leverage when buying securities. The use of leverage increases risk, which means the potential upside and downside of the investment are both amplified. Suppose an investor bought a call option for $3.45 on a single share of Loud Sound Recordings Inc. with a strike price of $40.00 when the firm's stock traded at $42.35. The call option had one year until expiration. One year later, the stock price had increased to $44.98. The stock price had therefore increased by 6.21%, and an investor who bought the stock and held it for a year would have earned 6.21%. What return did this investor earn by buying the call option? O 46.57% 37.70% 44.35%
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