Question: Suppose you have $ 2 5 , 0 0 0 to invest. You re considering Miller - Moore Equine Enterprises ( MMEE ) , which

Suppose you have $25,000 to invest. Youre considering Miller-Moore Equine Enterprises (MMEE), which is currently selling for$50 per share. You also notice that a call option with a $50 strike price and six months to maturity is available. The premium is $2.5 MMEE pays no dividends. What is your annualized return from these two investments if, in six months MMEE is selling for $56 per share? What about $46 per share? Note: A negative value should be indicated by a minus sign. Do not round intermediate calculations.

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