A one year call option with an exercise price of sh$\mathrm{.}60$ is available at a premium of sh$\mathrm{.}6.$ You can also buy a put option with the same exercise price and maturity at premium of sh$\mathrm{.}3.$ if you create a straddle, show the pay$-$ff from it$.$ When would the straddle result in a loss?