7) An investor purchases a long call at a price of $3.00. The strike price at expiration is $45. If the current stock price is $45.10, what is the break-even point for the investor?(Do not round intermediate calculations. Round your final answer to 2 decimal places.) A) $42.00 B) $45.00 C) $48.00 D) $48.10 8) The May 17, 2020, price quotation for a Boring call option with a strike price of $78 due to expire in November is $27.80, while the stock price of Boring is $76.80. The premium on one Boring November 78 call contract is A) $2,680 B) $7,700 C) $7,800 D) $2,780 9) You purchase one MBI March 125 put contract for a put premium of $6. The maximum profit that you could gain from this strategy is A) $125 B) $600 C) $11,900 D) $12,500