Multiple Choice
Andrea wrote a three-month call on Echo stock. The option cost $200 and the strike price was $10. What does the market price of Echo have to be for Andrea to break-even on this investment if the option is exercised? Ignore transaction construed taxes.
A) $10
B) $12
C) $8
D) cannot be determined from the information provided
Correct Answer:
Verified
Correct Answer:
Verified
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