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An investor is bearish on a particular stock and decided to long a put with a strike price of $25. If the option was purchased

An investor is bearish on a particular stock and decided to long a put with a strike price of $25. If the option was purchased for a price of $0.87, what is the break even point for the investor?

Group of answer choices

$24.13

$25.00

$25.87

$27.86

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