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A speculator buys a call option for $7, with an exercise price of $60. The stock is currently priced at $59, and rises to $69
A speculator buys a call option for $7, with an exercise price of $60. The stock is currently priced at $59, and rises to $69 on the expiration date. What is the stock price at which the speculator would break even?
A. | $60 | |
B. | $67 | |
C. | $69 | |
D. | $59 | |
E. | None of the given answers are correct |
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