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You are creating a Straddle long position by buying a stock call option and a stock put option simultaneously. The two options have the same

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You are creating a Straddle long position by buying a stock call option and a stock put option simultaneously. The two options have the same strike price at \\( \\$ 40 \\) per share. The call premium is \\$3 per share and the put premium is \\$6 per share. Please solve for: (a) the profit/loss of the straddle position at per share level, if the stock price becomes \\( \\$ 70 \\) (b) the profit/loss from the call option only at per share level, if the stock price becomes \\( \\$ 30 \\) (c) the Break-Even points of the straddle position. (d extra credit \2 ) use Excel to create the profit/loss diagram for the straddle long position contingent on stock prices

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