mium of $1.03. A put option with exercise price of $25 has a premium of $4.83. If David uses these two options to form a

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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David purchases 100 shares of a stock with market price of $33.67 per share. A call option on this stock with exercise price of $60 has a premium of $1.03. A put option with exercise price of $25 has a premium of $4.83. If David uses these two options to form a collar, what will be his net before-tax per share dollar return if the stock price is $39.16 at expiration?

Round the answer to two decimals.

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