A one-year call option on a stock with strike price of $80 costs $7 and a one-year put option on the same stock with strike price of $80 costs $6. Suppose that a trader buys one call option and one put option.

a. What is the breakeven stock price, above which the trader makes a profit? (sample answer:$125) b. What is the breakeven stock price, below which the trader makes a profit? (sample answer:$125)