Jamie wrote a nine-month put on Beta stock. The strike price was $25 and the market price at the time the option was written was $24
The total price of the option contract was $150. At what market price will Jamie just break-even on this investment? Ignore transaction costs and taxes.
A) $23.50
B) $24.00
C) $25.00
D) $26.50
Answer: A
Business
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