Series 7  General Securities Representative Exam
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Xavier just bought 1 March 50 Put on ABCD stock for $4.00. What is his breakeven price at expiration?
54
A
53
B
46
C
47
D
Explanations
Xavier spent $4.00 ($400) in premium to buy the put. He needs the price of the stock to go down by the strike price minus the premium paid to breakeven on this long put at expiration. $46.00
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Part of the questions for each course

 Course
 Questions

 SIE
 20 of 150

 Series 6
 30 of 500

 Series 7
 50 of 625