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Help with this thank you Lauren WRITES a straddle on Alta Corporation that has a strike price of $ 40.70 . The premium of the

Help with this thank you

Lauren WRITES a straddle on Alta Corporation that has a strike price of $40.70. The premium of the call is $4.10 and the premium of the put is $6.90. Calcuate the net profit or loss on the WRITING of the straddle if at the time of expiration the price per share of Alta is $40.55.

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