Investment Problem Help-Due TODAY (2 Problems-ATTACHED File)

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 $3.6. Calculate your percentage return on the put option for the six-month holding period if the stock price declines to $58 per share. (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. Omit the "%" sign in your response.)

  Percentage return

 %  

A mutual fund sold $158 million of assets during the year and purchased $132 million in assets. If the average daily assets of the fund were $496 million, what was the fund turnover? (Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

  Fund turnover

 %