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An investor purchases a long call at a price of $3.10. The strike price at expiration is $47. If the current stock price is $47.10,

An investor purchases a long call at a price of $3.10. The strike price at expiration is $47. If the current stock price is $47.10, what is the break-even point for the investor?

Multiple Choice

$43.90
$47.00
$50.10
$50.20

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