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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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