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You buy a straddle, which means you purchase a put and a call with the same strike price. The put price is $3.20 and the

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You buy a straddle, which means you purchase a put and a call with the same strike price. The put price is $3.20 and the call price is $4.00. Assume the strike price is $55. e. What are the expiration date profits to this position for stock prices of $45,$50,$55, $60, and $65 ? (Round your enswer to 2 deelmal pleces. Negatlve amounts should be Indlcated by a minus sign. Leave no cells blank - be certaln to enter "O" wherever requlred. Omlt the " \( \$ " \)quot; slgn In your response.) b. What are the break-even stock prices? (Round your answer to 2 declmal pleces. Omlt the "\$\$ sign ln your response.)

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