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An investor is bearish on a particular stock and decided to buy a put with a strike price of $29. Ignoring commissions, if the option

An investor is bearish on a particular stock and decided to buy a put with a strike price of $29. Ignoring commissions, if the option was purchased for a price of $.78, what is the break-even point for the investor? Multiple Choice $22.62 $29.00 $29.78 $28.22

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