The premium on a pound put option is $.03 per unit. The exercise price is $1.60. The break-even point is ____ for the buyer of the put, and ____ for the seller of the put. (Assume zero transactions costs and that the buyer and seller of the put option are speculators.)
A)$1.63; $1.63
B)$1.63; $1.60
C)$1.63; $1.57
D)$1.57; $1.63
E)none of the above

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The Answer of The premium on a pound put option is $.03 per unit. The exercise price is $1.60. The break-even point is ____ for the buyer of the put, and ____ for the seller of the put. (Assume zero transactions costs and that the buyer and seller of the put option are speculators.)
A)$1.63; $1.63
B)$1.63; $1.60
C)$1.63; $1.57
D)$1.57; $1.63
E)none of the above

The Premium on a Pound Put Option Is