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You have taken a long position in a call option on IBM common stock. The option has an exercise price of $176 and IBMs stock
You have taken a long position in a call option on IBM common stock. The option has an exercise price of $176 and IBMs stock currently trades at $180. The option premium is $5 per contract. At what stock price do you break-even?
A 180
B 181
C 185
D 175
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