You purchased 5 put option contracts on Mountain Builders stock at an option premium of $0.65.The strike price is $25.What is your break-even stock price?
A)$19.90
B)$24.35
C)$25.00
D)$25.75
E)$30.10

Name: You purchased 5 put option contracts on Mountain Builders stock at an option premium of $0.65.The strike price is $25.What is your break-even stock price? A)$19.90 B)$24.35 C)$25.00 D)$25.75 E)$30.10
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

Break-even stock price = $25 - $0.65 = $24.35

You Purchased 5 Put Option Contracts on Mountain Builders Stock