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An investor purchases a put option at a price of $2.75. The strike price is $42.45. If the current spot pric underlying asset is $39.95,

An investor purchases a put option at a price of $2.75. The strike price is $42.45. If the current spot pric underlying asset is $39.95, what is the break-even spot price for the investor? $45.20 $37.20 $39.95 $39.70

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