An investor buys a 6 months maturity strangle on XYZ stock at $32 call and $27 put, for $2 call and $3 put.

1. What is the long and short strangle payoff, if the stock price at expiration date increased to $42 per share?
2. What are the long and short strangle payoffs, if the market price at expiration date decreased to $20 per share?
3. What are the long and short strangle payoffs, if the market price at expiration date remained $32 per share?
4. What are the breakeven points for XYZ stock strangle strategy?