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Theo paid a total of $50 to purchase 4 call options with a strike price of $54. What is the break-even stock price? Multiple Choice

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Theo paid a total of $50 to purchase 4 call options with a strike price of $54. What is the break-even stock price? Multiple Choice $12.50 $25.00 $23.63 $54.13 $56.32

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