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

---

Definitions:

Communicating

The act of conveying information or expressing thoughts and feelings through speech, writing, signals, or behavior.

Bystanders

Individuals who are present at an event or incident but do not take an active role in its outcome.

Audiences

Groups of listeners, viewers, or spectators that observe, follow, or listen to a particular event, performance, or communication.

Accountability

The obligation of an individual or organization to account for its activities, accept responsibility for them, and to disclose the results in a transparent manner.