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Assume that you purchase one JNJ call option with a strike price of $75 for a premium of $3. Ignoring transaction costs, what is the

Assume that you purchase one JNJ call option with a strike price of $75 for a premium of $3. Ignoring transaction costs, what is the break-even price of the position?

a.

$75.

b.

None of theoptions.

c.

$78.

d.

$3.

e.

$72.

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