21. Option Strategies (LO3, CFA5) You buy a straddle, which means you purchase a put and a call with the same strike price. The put price is \($2.80\) and the call price is \($4.20\). Assume the strike price is \($75\). What are the expiration date profits to this position for stock prices of \($65\), $70,

\($75\), \($80\), and $85? What are the expiration date profits for these same stock prices? What are the break-even stock prices?