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Suppose a stock is trading at $84.11. A market participant buys 14 put option contracts (where 1 contract is for 100 shares) on the stock
Suppose a stock is trading at $84.11. A market participant buys 14 put option contracts (where 1 contract is for 100 shares) on the stock with a strike price of $92.14 when the option price is $14.98 per share. The options are exercised when the stock price is __________, and the market participant breaks even (no profit, no loss). What is the stock price at the time the options are exercised?
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