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What is the break-even price for the option

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Reference no: EM132616079

Problem 1: A call option on Euro has a strike price of $1.07/€ and a cost of $0.02. What is the break-even price for the option?

A) $1.05/€

B) The answer depends upon if this is a long or a short call option

C) $1.09/€

D)$1.07/€

Reference no: EM132616079

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