1. You invested $65,000 in a mutual fund at the beginning of the year when the NAV was $80.19. At the end of the year, the fund paid $0.35 in short-term distributions and $0.52 in long-term distributions. If the NAV of the fund at the end of the year was $77.48, what was your return for the year?
2. Osceola stock is selling for $51 a share. A 6-month call on Osceola stock with a strike price of $55 is priced at $3.17. Risk-free assets are currently returning 5.95% compounded continuously. What is the price of a 6-month put on Osceola stock with a strike price of $55? (Round answer to 2 decimal places. Do not round intermediate calculations).