Cmg is currently trading at 610 per share you buy a put, Financial Management

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Cmg is currently trading at 610 per share you buy a put

CMG is currently trading at $610 per share. You buy a put option on CMG computers at a strike price of $600 with March maturity. You pay a put premium of $34 per share for this option. Determine your profit or loss if

i. If the stock price is $595 in March

ii. If the stock price is $580 in March

iii. If the stock price is $630 in March

iv. Determine the breakeven point

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Financial Management: Cmg is currently trading at 610 per share you buy a put

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