You Own 4 Put Option Contracts on ALZ Stock

question 88

Multiple Choice

You own 4 put option contracts on ALZ stock.The contracts have a $17.50 strike price and you paid an option premium of $0.40.What is the break-even stock price?

• A) $17.10
• B) $17.30
• C) $17.50
• D) $17.70
• E) $17.90

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