An investor purchases a long call at a price of $2.50. The strike price at expiration is $35. If the current stock price is $35.10, what is the break-even point for the investor?
A) $32.50
B) $35
C) $37.50
D) $37.60
Answer: C) $37.50
Calculation: Break even = 35 + 2.50 = 37.50
Business
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