Question
In: Finance
Part A: Suppose you have $36,000 to invest. You’re considering Miller-Moore Equine Enterprises (MMEE), which is...
Part A:
Suppose you have $36,000 to invest. You’re considering Miller-Moore Equine Enterprises (MMEE), which is currently selling for $60 per share. You notice that a put option with a $60 strike is available with a premium of $3.60. Calculate your percentage return on the put option for the 6-month holding period if the stock price declines to $58 per share. (A negative value should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations. Enter your 6-month return as a percent rounded to 2 decimal places.)
Percentage return%
Part B:
An open-end mutual fund has the following stocks:
| Stock | Shares | Stock Price | ||
| A | 6,500 | $ | 97 | |
| B | 33,000 | 16 | ||
| C | 4,600 | 87 | ||
| D | 82,000 | 11 | ||
The fund has 51,000 shares and liabilities of $120,000. Assume the fund is sold with a front-end load of 4 percent. What is the offering price of the fund?
Offering price:
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Expert Solution
SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE
jeff jeffy answered 1 year agoRelated Solutions
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