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deroth deroth
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2 years ago
Andrea wrote a three-month call on Echo stock. The option cost $200 and the strike price was $10. What does the market price of Echo have to be for Andrea to break-even on this investment if the option is exercised? Ignore transaction construed taxes.

▸ $10

▸ $12

▸ $8

▸ cannot be determined from the information provided
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
Authors:
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studytimestudytime
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2 years ago
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deroth Author
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2 years ago
Just got PERFECT on my quiz
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Thanks for your help!!
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