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Option Strategies 4 A call option expiring in two months has a strike price of $105.00 and is trading at a premium of c=$3.97. A

Option Strategies 4

A call option expiring in two months has a strike price of $105.00 and is trading at a premium of c=$3.97. A put option expiring in two months has a strike price of $95.00 and is trading at a premium of p=$1.48. Find the lower expiration-date stock price at which a long strangle would break even.

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