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An investor is bearish on a particular stock and decided to buy a put/call with a strike price of $25. Ignoring commissions, if the option

An investor is bearish on a particular stock and decided to buy a put/call with a strike price of $25. Ignoring commissions, if the option was purchased for a price of $.85, what is the break-even point for the investor on the put and the call respectively?

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