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An investor is bearish on a particular stock and decided to buy a put with a strike price of $27. Ignoring commissions, if the option

An investor is bearish on a particular stock and decided to buy a put with a strike price of $27. Ignoring commissions, if the option was purchased for a price of $0.76, what is the break-even point for the investor?

  • $26.24

  • $27.00

  • $27.76

  • $20.52

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