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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 $3.10 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 $3.10 and the call price is $4.60. Assume the strike price is $85. a. What are the expiration date profits to this position for stock prices of $75, $80, $85, $90, and $95? (Round your answer to 2 decimal places. Negative amounts should be indicated by a minus sign. Leave no cells blank - be certain to enter "O" wherever required. Omit the "$" sign in your response.) Put payoff $ Total payoff Stock price $75 $80 $85 $90 $95 Call payoff $ $ $ $ A A A A A AAAAA Total profit $ $ $ $ $ AAAAA $ b. What are the break-even stock prices? (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Low Break-even prices High $ and $

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