An investor believes that the Cisco stock price is going to increase in the following 12 months from the current stock p

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An investor believes that the Cisco stock price is going to
increase in the following 12 months from the current stock price of
$200. Call options on Cisco stock expiring in 12 months have a
strike price of $215 and sell at a premium of $20 each. The
investor has $16,000 to invest, and is considering 3
alternatives:
Assume that the stock price will be $230 per share after 12
months.
What will be the investor's rate of return for alternative
1?
What will be the investor's rate of return for alternative
2?
What will be the investor's rate of return for alternative
3?
W