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An investor purchases a long call at a price of $2.60. The strike price at expiration is $37. If the current stock price is $37.10,

An investor purchases a long call at a price of $2.60. The strike price at expiration is $37. If the current stock price is $37.10, what is the break-even point for the investor?

Multiple Choice

  • $39.70

  • $34.40

  • $39.60

  • $37.00

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