Identify the highest break-even point

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An investor purchases 100 shares of stock at a price of $54.30. The investor writes 4 call options on the stock. The call options cover 100 shares, have a premium of $2.70 and a strike price of $73. Identify the highest break-even point for this overall ratio call write strategy.

By 'highest' break-even, this means if multiple break-even points exist, provide as an answer the break-even point that is largest in magnitude. Round your breakeven point to two decimal places.

Reference no: EM132546692

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