Suppose you buy a straddle, which means you purchase a put and a call with the same strike price. The put price is $1.50 and the call price is $2.00. Assume the strike price is $55. What are the expiration date payoffs to this position for stock prices of $50.00, $52.50, $55.00, $57.50, and $60.00? What are the expiration date net profits to this position for these same stock prices? What are the break-even stock prices?