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An investor bought a 70-strike European put option on an index with six months to expiration.The premium for this option was 1. The investor also

An investor bought a 70-strike European put option on an index with six months to expiration.The premium for this option was 1. The investor also wrote an 80-strike European put optionon the same index with six months to expiration. The premium for this option was 8. Thesix-month interest rate is 0%.

Calculate the index price at expiration that will allow the investor to break even.

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