More often, this sort of rum is used in cocktails or in cooking. Honey rum is often used in baking, particularly desserts, but is also popular in more savory meat and vegetable dishes. Rum is a common marinade, and can also be used in a number of cooking and braising recipes.
If you do exercise the option, you can calculate its return in a few simple steps. Subtract the purchase price from the sales price of the asset, which you bought or sold using the option. Regardless of whether the option was a call or a put, the steps are identical.
Since we will use the same example as in my tutorial on calculating bond values using Microsoft Excel, the spreadsheet is the same. The expected rate of return on a bond can be described using any (or all) of three measures: 1  Current Yield. 2  Yield to Maturity (also known as the redemption yield).