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An Investor is bearish on a particular stock and decided to buy a put with a strike price of $40. Ignoring commissions. If the option

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An Investor is bearish on a particular stock and decided to buy a put with a strike price of $40. Ignoring commissions. If the option was purchased for a price of $.89, what is the break-even point for the investor? Multiple Choice $40.00 $35.60 $39.11 S40.89

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