You bought 100 strike $30 American put options for $0.08 each exactly 282 days ago. Today you exercised the options while the underlying asset was trading for $29.77/share. What is your net annualized ROI on this investment? Please submit your answer so that 5 is used to represent 5% net returns

You bought 100 strike $30 American put options for $0.08 each exactly 282 days ago. Today you exercised the options while the underlying asset was trading for $29.77/share. What is your net annualized ROI on this investment? Please submit your answer so that 5 is used to represent 5% net returns

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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You bought 100 strike $30 American put options for $0.08 each exactly 282 days ago. Today you exercised the options while the underlying
asset was trading for $29.77/share. What is your net annualized ROI on this investment?
Please submit your answer so that 5 is used to represent 5% net returns
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