Jassim – The Market Strategist at Arcapita Investment

Jassim is developing a bullish strategy for a global retail company stock (Symbol: RETAIL) using call options. He is summarizing the required break-even point for his junior analysts.

The contract details are as follows:

• Premium paid (Call Last): $7.31

• Exercise (Strike) price: $167

Question:

Based on the terms of the contract, at what stock price at expiration would the investor break even on this call option position?

(Ignore transaction costs. Round your answer to two decimal places.)