Series 7 - General Securities Representative Exam
Training Mode
NOP stock is trading at 50. An investor buys the 45 put and the 55 call at the same time for 8.00. What is the investor's breakeven point at expiration?
The stock must be below 60 and above 40
A
The stock must be above 60 or below 40
B
The stock must be above 63 or below 37
C
The stock must be below 63 and above 37
D