单选题
Consider a stock put option with the following characteristics:
Type of option: put option on stock
Underlying asset: 100 shares of Dow Chemicals
Exercise price : ______
Premium: $1.44 per share
Expiration date : October
If the expiration-day price of Dow Chemicals were ST = $79.25,
and this were known to be the breakeven dock price, what would the exercise
price of the option be?