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16. An investor is bearish on a particular stock and decided to buy a put with a strike price of $32. Ignoring commissions, if the

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16. An investor is bearish on a particular stock and decided to buy a put with a strike price of $32. Ignoring commissions, if the option was purchased for a price of $3.75, what is the break-even point for the investor? A. $30.75 B. $28.25 C. $25.25 D. $35.75

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