Lauren WRITES a straddle on Alta Corporation that has a strike price of $40.50. The premium of the call is $4.15 and the premium of the put is $6.60. 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 $40.40. $ 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.

expiration the price per share of Alta is $40.40