A call option on UK pounds has a strike price of $2.05/ and a cost of $0.02.
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Question:
A call option on UK pounds has a strike price of $2.05/£ and a cost of $0.02. What is the break-even price for the option?
a | $2.03/£ | |
b | $2.07/£ | |
c | $2.05/£ | |
d | The answer depends upon if this is a long or a short call option. |
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