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What is the break-even point for a long position on a call option, withan option price of $2.50, exercise price of $35, and the current

What is the break-even point for a long position on a call option, withan option price of $2.50, exercise price of $35, and the current stock price of $38?

Multiple Choice

a) $32.50

b) $37.50

c) $40.5

d) $35.50

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