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An investor buys a put at a price of $4.50 with an exercise price of $40. At what stock price will the investor break even
An investor buys a put at a price of $4.50 with an exercise price of $40. At what stock price will the investor break even on the purchase of the put?
| $34.50 |
| $45.50 |
| $35.50 |
| $44.50 |
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