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An investor purchases a long call at a price of $2.75. The strike price at expiration is $40. If the current stock price is $40.10,
An investor purchases a long call at a price of $2.75. The strike price at expiration is $40. If the current stock price is $40.10, what is the break-even point for the investor?
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$37.25
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$40.00
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$42.75
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$42.85
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