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An investor is bearish on a particular stock and decided to buy a put with a strike price of $38. ignoring commissions, if the option

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An investor is bearish on a particular stock and decided to buy a put with a strike price of $38. ignoring commissions, if the option was purchased for a price of $.87 what is the break-even point for the investor? Multiple Choice $38.00 $38.87 $37.13 $33.06

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