Question: Suppose you have $ 2 8 , 0 0 0 to invest. You re considering Miller - Moore Equine Enterprises ( MMEE ) , which

Suppose you have $28,000 to invest. Youre considering Miller-Moore Equine Enterprises (MMEE), which is currently selling for $40 per share. You also notice that a call option with a $40 strike price and six months to maturity is available. The premium is $4. MMEE pays no dividends. What is your annualized return from these two investments if, in six months, MMEE is selling for $48 per share? What about $36 per share?
Note: A negative value should be indicated by a minus sign. Do not round intermediate calculations.

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