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PLS EXPLAIN You establish a straddle on Walmart using September call and put options with a strike price of $85. The call premium is $7.25

PLS EXPLAIN

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You establish a straddle on Walmart using September call and put options with a strike price of $85. The call premium is $7.25 and the put premium is $8.00. c-2. What is the Break-even price for upper bound? (Round your answer to 2 decimal places.)

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