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Put Options - The premium on a pound put option is $.04 per unit. The exercise price is $1.70. The break-even point is for the

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Put Options - The premium on a pound put option is \$.04 per unit. The exercise price is $1.70. The break-even point is for the buyer of the put, and [___] for the seller of the put. (Assume zero transactions costs and that the buyer and seller of the put option are speculators.) $1.66;$1.56 $1.56;$1.56 $1.66;$1.66 $1.26;$1.56 $1.26;$1.26

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