Question: the premium on a pound put option is $ . 0 4 per unit. The exercise price is $ 1 . 6 0 . The

the premium on a pound put option is $.04 per unit. The exercise price is $1.60. The break-even point is ____ for the buyer of the put, and ____ for the seller of the put. (Assume zero transactions costs and that the buyer and seller of the put option are speculators.)
a. $1.64; $1.64
b. $1.56; $1.56
c. $1.64; $1.56
d. $1.56; $1.60

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