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4) Imagine you purchase a call at a price of $8 with an exercise price of $80. At what stock price will you break even

4) Imagine you purchase a call at a price of $8 with an exercise price of $80. At what stock price will you break even on the purchase of the call? What happens if the stock price goes above the breakeven point? What happens if the stock price goes below the breakeven point?

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