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Question 16 Assume you bought a European put with a strike price of $75 for $3.00. What price does the underlying stock need to trade

Question 16

Assume you bought a European put with a strike price of $75 for $3.00. What price does the underlying stock need to trade at at expiration for you to break even? (assume rates are 0%.)

Group of answer choices

$70.

$72.

$75.

$78.

$80.

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