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FINRA Series 7

Category - Series 7

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In early September, Bubba buys 100 shares of XYZ for $83 per share and simultaneously writes one XYZ March 90 call for $4. What is the price for XYZ stock at which Bubba will breakeven?

Explanation

Answer: D - $79. Bubba’s breakeven is his cost of the stock less the premium he received ($83 - $4).

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FINRA Series 7

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FINRA Series 7

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