Rosalita Purchased a Put Option with a Strike Price of $47

question 38

Multiple Choice

Rosalita purchased a put option with a strike price of $47. She paid a total of $150 for the contract. What is the break-even stock price?

• A)$31.40
• B)$33.60
• C)$36.40
• D)$45.50
• E)$48.50

---

Definitions:

Common Purpose

A shared goal or mission that unifies a group or team, motivating them to work together effectively.

Change Leaders

Individuals who drive and support the process of organizational change, focusing on goals, strategies, and team engagement.

Henry Mintzberg

A renowned management theorist known for his work on business strategy, organizational structures, and the roles of managers.

Informational Roles

Pertains to the duties of gathering, processing, and disseminating information that leaders and managers have within an organization.