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Suppose you purchase one Texas Instruments call option contract with an exercise price of $65 for a premium of $7 (per share) and write one

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Suppose you purchase one Texas Instruments call option contract with an exercise price of $65 for a premium of $7 (per share) and write one Texas Instruments call option contract with an exercise price of $70 for a premium of $5 (per share). What is the break-even (ie, zero profit) price of the stock at expiration? $71 $67 $82 $85 Question 33 0.56 pts Which of the following combinations create(s) an in-the-money option? I call: strike price > stock price II. call: strike price stock price IV. put: strike price

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