4. An investor is bearish on a particular stock and decided to long a put with a strike price of $35. If the option was purchased for a price of $2.78 and current stock price is $36.24, what is the break-even point for the investor? (Hint: Break-even point is the stock price at which the investor will have exactly zero profit or loss. Be sure to consider the effect of the option premium.) a. $32.22 b. $33.46 c. $35.00 d. $37.78