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You buy a straddle on a share of Franklin, Inc with a strikeprice of $54.50. The premium on the call is $3.00 and the premiumon

You buy a straddle on a share of Franklin, Inc with a strikeprice of $54.50. The premium on the call is $3.00 and the premiumon the put is $1.50. Calculate the net profit or loss from straddleat th 2 answers

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