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13- Today, I bought 1 put contract on GM with one-year to maturity with an exercise price of $60 at a premium of $7 when

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13- Today, I bought 1 put contract on GM with one-year to maturity with an exercise price of $60 at a premium of $7 when GM stock price was $55. At what stock price will I break-even at the maturity date ignoring transactions costs? PS: In all questions above X denotes the exercise price of the options, C=call premium, P=put premium, and S=stock price

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