Question 21 5 pts You write a call option with X=50. It costs $9. You buy a call option with X=60 which costs $3. The options are on the same stocks and have the same expiration date. What is the break even point for this strategy? $56 None of the above $44 $50 $59 Question 22 5 pts The common stock of the FUN Corporation has been trading a narrow price range for the past month, and you are convinced it is going to break far out of that range in the next 3 months. You do not know whether it will go up or down, however. The current price of the stock is $100 per share, and the price of a 3-month call option at an exercise price of $100 is $10. If the risk-free interest rate is 10% per year, what must be the price of a 3-month put option on FUN Corporation stock at an exercise price of $100? (The stock pays no dividends). Assume discrete and annual compounding. $10 $8.01 None of the above $7.65 $7.10