Answer:
Answer for below mentioned question "
You buy a put option to sell stock at $35. The price of the stock is $34 when you bought it, and the price paid for the put is $2. What is the percentage return from purchasing the put if at the expiration of the put the price of the stock is $31?"
is explained in the attachment.
Explanation:
Answer:
He would need to sell 130 ticket packages to break even
Explanation:
Breakeven quantity are the number of units produced and sold at which net income is zero
Breakeven quantity = fixed cost / price – variable cost per unit
Variable cost is cost that varies with output. If output is zero, no variable cost would be incurred.
Fixed cost is cost that does not vary with output.
= 130