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An investor purchases two XYZ February 58 call options for a premium of $1.76. What is the break-even price for this position? Ignore transaction costs.

An investor purchases two XYZ February 58 call options for a premium of $1.76. What is the break-even price for this position? Ignore transaction costs.

Select one:

a. $54.48

b. $61.52

c. $59.76

d. $119.52

e. $56.24

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