The common stock of the Avalon Corporation has been trading in a narrow range around $40 per share for months, and you believe it is going to stay within that range for the next three months. The price of a three-month put option with an exercise price of $40 is $3, and a call with the same expiration date and exercise price sells for $2. Suggest an investment strategy using a put and a call to exploit your belief about the stock price's future movement. What is the breakeven price of your position?