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Suppose that you purchase Company A's stock at $1325 per share and purchase a put to protect your position with a strike price of $1275

Suppose that you purchase Company A's stock at $1325 per share and purchase a put to protect your position with a strike price of $1275 per share for $26. What is the breakeven stock price for this position (option and stock)?

1. $1351

2. $1249

3. $1325

4. $1299

5. $1291

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