Buying a Straddle: Betty buys a straddle on Lehigh that has a strike price of $40.25. The premium of the call is $1.40 and the premium of the put is $1.90. Calculate the net profit or loss on buying the straddle if at the time of expiration the price per share of Lehigh is $83.40.

Place your answer with dollars and cents without a dollar sign. Enter negative answers with a minus sign