Question: Please provide steps and it must be the right answer. Suppose you have $60,000 to invest. You're considering Miller-Moore Equine Enterprises (MMEE), which is currently

Please provide steps and it must be the right answer. Suppose

Please provide steps and it must be the right answer.

Suppose you have $60,000 to invest. You're considering Miller-Moore Equine Enterprises (MMEE), which is currently selling for $100 per share. You also notice that a call option with a $100 strike price and six months to maturity is available. The premium is $5. MMEE pays no dividends. What is your annualized return from these two investments if, in six months, MMEE is selling for $106 per share? What about $96 per share? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Annualized Return Stock Option $106 per share $96 per share

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