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Basic Question 8 of 9

James bought a stock for $25 and a put option for the exercise price of $22 at a price of $1. The stock price at the expiration moves to $29. What is the breakeven price of the protective put position?

A. $24
B. $26
C. $28

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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach

Andrea Schildbach

Learning Outcome Statements

explain put-call parity for European options

CFA® 2025 Level I Curriculum, Volume 5, Module 9.