Buying a Straddle: Betty buys a straddle on Lehigh that has a strike price of $40.75. The premium of the call is $1.25 and the premium of the put is $1.50 Calcuate the net profit or loss on buying the straddle if at the time of expiration the price per share of Lehigh is $83.80 $ 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