What is the break-even stock price for the option, Financial Management

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What is the break-even stock price for the option

An investor is bearish on a particular stock and decided to buy a put with a strike price of $36.

Ignoring commission costs, if the option was purchased for a price of $3.93 and the underlying stock is valued at $26.56, what is the break-even stock price for the option writer?

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Financial Management: What is the break-even stock price for the option

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Financial Management: What is the break-even stock price for the option

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