You buy a straddle, which means you purchase a put and a call with the same strike price. The put price is $2.30 and the call price is $4.10. Assume the strike price is $60. a. What are the expiration date payoffs to this position for stock prices of $50, $55, $60, $65, and $70? 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 "O" wherever required. Round your "Total profit" answers to 2 decimal places.) Stock price: Call payoff Put payoff Total payoff Total profit $ 50 $ 55 $ 60 $ $ 65 70 b. What are the break-even stock prices? (Round your answers to 2 decimal places.) High Break-even prices Low