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Question 13 8 pts The common stock of ABC Inc. has been trading in a narrow price for the past month, and you are convinced

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Question 13 8 pts The common stock of ABC Inc. has been trading in a narrow price for the past month, and you are convinced it is going to break far out of that range in the next 3 months but do not know in which direction. The current price of the stock is $150 per share, and the price of a 3-month call option at an exercise price of $150 is $15. The risk-free interest rate is 10% per year and the 3-month put option on ABC Inc. has an exercise price of $150 (The stock pays no dividends). Considering the appropriate strategy in this case, what should be the minimum stock price to break-even? (Do not round your intermediate calculations. Enter your final answer in dollars rounded up, if necessary, to two decimal places without the $ symbol)

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