Russ paid a total of $75 to purchase 5 call options with a strike price of $17.50.What is the break-even stock price?
A) $0.15
B) $0.30
C) $17.35
D) $17.65
E) $32.50

Name: Russ paid a total of $75 to purchase 5 call options with a strike price of $17.50.What is the break-even stock price? A) $0.15 B) $0.30 C) $17.35 D) $17.65 E) $32.50
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Question

Quizplus · Accepted Answer

Break-even stock price = $17.50 + [$75 / (5 × 100)] = $17.65

Russ Paid a Total of $75 to Purchase 5 Call