Five Put Option Contracts Are Purchased at a Price of $4.32

question 25

Multiple Choice

Five put option contracts are purchased at a price of $4.32 with a strike price of $105. Even the stock price at expiration is $97.29, what is the breakeven stock price for this transaction?

• A) $100.68
• B) $105.00
• C) $101.61
• D) $109.32
• E) $97.29

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