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 $5.00. Assume the strike price is $105. a. What are the expiration date payoffs to this position for stock prices of $95, $100, $105, $110, and $115? What are the expiration date profits for these same stock prices? (A negative value should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Round your "Total profit" answers to 2 decimal places.) Stock price Call payoff Put payoff Total payoff Total profit $ 95 $ 100 | A 105 A | 110 $ 115 b. What are the break-even stock prices? (Round your answers to 2 decimal places.) High Low Break-even prices