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A call option on UK pounds has a strike price of $2.05/ and a cost of $0.02. What is the break-even price for the option?

A call option on UK pounds has a strike price of $2.05/ and a cost of $0.02. What is the break-even price for the option?

Select one: A. $2.07/ B. $2.05/ C. $2.03/ D. The answer depends upon if this is a long or a short call option.

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