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An investor bought a put option at a price of $2.50. The exercise price is $35.00. If the current stock price is $35.50, what is

An investor bought a put option at a price of $2.50. The exercise price is $35.00. If the current stock price is $35.50, what is the break-even price for the investor?

a. $37.50

b. $32.50

c. $33.00

d. $38.00

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