You have 3000 dollars to invest and you buy as many calls as you can on a stock called BOON, if calls on BOON cost $3.20 with a strike of 32 and the stock costs $30 At what stock price do you break even on an investment of the $3000 in calls?

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter14: Investing In Stocks And Bonds
Section: Chapter Questions
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You have 3000 dollars to invest and you buy as many calls as you can on a stock called BOON, if calls on BOON cost $3.20 with a strike of 32 and the stock costs $30

At what stock price do you break even on an investment of the $3000 in calls? 

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