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John, a short seller is trying to determine his break-even point. With no other securities, John plans to short sell 100 shares of XYZ at $59. Next...

John, a short seller is trying to determine his break-even point. With no other securities, John plans to short sell 100 shares of XYZ at $59.32. Next John plans to sell an XYZ October Put for $200. John will break-even when the price of the stock is at:

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