Question: Question 5 A speculator purchases a put option for a premium of $4, with an exercise price of $30. The stock rises to $32 and

Question 5 A speculator purchases a put option for a premium of $4, with an exercise price of $30. The stock rises to $32 and the option is about to expire. What is the stock price at which the speculator would break even? [5 points]

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