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You bought one share of stock of Peace-n-Joy Jam Inc. at a price of $98. You also sold a call option on this stock with
You bought one share of stock of Peace-n-Joy Jam Inc. at a price of $98. You also sold a call option on this stock with a strike of $100. You received a premium of $3.50. What should the stock price be at expiration for you to exactly break-even This is the covered call strategy from the previous question.
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