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You buy a straddle on a share of Franklin, Inc with a strike price of $ 55.50 . The premium on the call is $

You buy a straddle on a share of Franklin, Inc with a strike price of $55.50. The premium on the call is $1.25 and the premium on the put is $1.25. Calculate the net profit or loss from straddle at the time of expiration the price per share of Franklin is $60.00.

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