Answer:Break Even Point ,BEP = $55.35
Explanation:
Break Even Point= strike price+ long call price
given that, strike price at expiration= $52
long call price=$3.35
BEP = $52+$3.35
=$55.35
The price that the stock puchased by the investor has to reach for it to break even is $55.35.
Although as stated in the question, the current stock price is $52.10.
However, if the price of the stock exceeds $55.35, your call option will yield more profit than you paid for it and result in a net gain
