Question: 4. A speculator purchases a put option for a premium of $8, with an exercise price of $60. The stock is presently priced at $59,

4. A speculator purchases a put option for a premium of

4. A speculator purchases a put option for a premium of $8, with an exercise price of $60. The stock is presently priced at $59, and rises to $62 before the expiration date. What is the stock price at which the speculator would break even? (1 Point) O a. 566 b. 864 C. 558 d. 552

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