Stock price at which shawna would break even

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#1--Shawna purchases a put option for a premium of $5, with an exercise price of $31. The stock is presently priced at $29, and rises to $32 before the expiration date. What is the stock price at which Shawna would break even?

#2-Henry purchased a call option with an exercise price of $45 for a premium of $5. Before the option expired, the stock price rose to $52 and Henry exercised his option. What was the return (not annualized) to Henry?

Reference no: EM131468781

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