What is the breakeven price

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You purchased one TXT call option with a strike price of $56, for a premium of $1.6 and wrote one TXT put option with a strike price of $59, for a premium of $2.3. Without considering transaction costs, what is the breakeven price (stock price at which profit is zero) of this position at expiration date (in half a year)? Pay attention, the underlying asset for both options is the same and so is the expiration date. The breakeven price of this position is $ Note: Please keep at least 4 decimal places in your calculations and at least 2 decimal places in your final answer.

Reference no: EM133000801

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