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Finra Exam Series-7 Topic 7 Question 15 Discussion
Actual exam question for
Finra's
Series-7 exam
Question #: 15
Topic #: 7
[All Series-7 Questions]
Topic #: 7
In early September, Bubba buys 100 shares of XYZ for $83 per share and simultaneously writes one XYZ March 90 call for $4.
What is the price for XYZ stock at which Bubba will breakeven?
Suggested Answer:
D
$79. Bubba's breakeven is his cost of the stock less the premium he received ($83 - $4).
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