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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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