Question: Kira Norice, a private investor, expects Sisco stock to decrease from its current price of $96 per share. Thus, Norice purchases a put option on

Kira Norice, a private investor, expects Sisco stock to decrease from its current price of $96 per share. Thus, Norice purchases a put option on Sisco stock with an exercise price of $93 for a premium of $3 per share. Norice's breakeven price of the underlying stock at expiration is $________ per share. a. 99 b. 90 c. 93 d. 96 e. None of these choices are correct.

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