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1. In general, if you buy a call option, what stock price is needed for you to break even on the transaction ignoring taxes and

1. In general, if you buy a call option, what stock price is needed for you to break even on the transaction ignoring taxes and commissions? If you buy a put option?

2. The (buyer/seller) of a (put/call) option (pays/receives) money for the (right/obligation) to (buy/sell) a specified asset at a fixed price for a fixed length of time

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