Buying a Straddle: Betty buys a straddle on Lehigh that has a strike price of $40.55. The premium of the call is $1.50 and the premium of the put is $1.65. Calcuate the net profit or loss on buying the straddle if at the time of expiration the price per share of Lehigh is $81.00. $ Place your answer with dollars and cents without a dollar sign. Enter negative answers with a "minus" sign.

For example, if your answer is negative two dollars and seventy five cents, then enter -2.75.