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An investor is bearish on a particular stock and decided to buy a put with a strike price of $28. lgnoring commissions, if the option

An investor is bearish on a particular stock and decided to buy a put with a strike price of $28. lgnoring commissions, if the option was purchased for a price of $77, what is the break-even point for the investor? $21.56 $27.23 $28.77 $28.00

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