A one-year call option on a stock with strike price of $90 costs $6 and a one-year put option on the same stock with strike price of $90 costs $7. 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)