Question: PLEASE POST WITH WORK AND FORMULA BREAK DOWN THANK YOU 1. A one-year call option on a stock with a strike price of $30 costs

PLEASE POST WITH WORK AND FORMULA BREAK DOWN THANK YOU

1. A one-year call option on a stock with a strike price of $30 costs $3; a one-year put option on the stock with a strike price of $30 costs $4. Suppose that a trader buys two call options and one put option.

(i) What is the breakeven stock price, above which the trader makes a profit?

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