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Note: this is a practice textbook question for the midterm
Which of the following is not a break-even point of a project?
a) The maximum interest rate that a firm can pay from available cash flow and still have enough cash flow to make all required principal and interest payments
b) The price level of a call option that equals the sum of the exercise price plus the premium paid on the option
c) The price level at which income equals expense
d) The market price of a financial instrument that equals the purchase price plus the costs of owning that instrument
e) The expense level at which the expense equals income
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