Multiple Choice
A speculator buys a call option for $3, with an exercise price of $50. The stock is currently priced at $49, and rises to $55 on the expiration date. What is the stock price at which the speculator would break even?
A) $50
B) $58
C) $52
D) $53
E) $49
Correct Answer:
Verified
Correct Answer:
Verified
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