Problem 15-21 Option Strategies (LO3, CFA5) You buy a straddle, which means you purchase a put and a call with the same strike price. The put price is $3.30 and the call price is $4.40. Assume the strike price is $75. a. What are the expiration date payoffs to this position for stock prices of $65, $70, $75, $80, and $85? What are the expiration date profits for these same stock prices? (A negative value should be indicated by a minus sign. Leave no cells blank - be certain to enter "O" wherever required. Round your "Total profit" answers to 2 decimal places.) Stock price Call payoff Put payoff Total payoff Total profit $ 65 $ 70 $ 75 80 $ 85