1. I sold 2 call option contracts (each for 100 shares) on GE stock when GE was at $60 with an exercise price of $55 for a premium of $8. The calls have expired worthless. Compute my profit or loss.

2. I buy a call option on GE with exercise price $80 for a premium of $7. I also buy a put option on GE with the same maturity as the call option also with an exercise price of $80 for a premium of $6.At what stock price (or prices) will I break even at maturity?