Arnold Feldman, an 82-year-old New York City retiree, in mid-December sold calls on the 400 shares of Exxon Mobil Corp. stock he owns. He bought Exxon Mobil at $69.45 and sold the July $75 calls for $2.30 a share.

What is the breakeven price for this investor?

A. 68.45

B. 67.15

C. 71.75

D. 66.15

What is the maximum gain?

A. 5.55

B. 3.50

C. 3.25

D. 7.85