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 $3.60. Assume the strike price is $35.

a. What are the expiration date payoffs to this position for stock prices of $25, $30, $35, $40, and $45? 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
$ 25
$ 30
$ 35
$ 40
$ 45

b. What are the break-even stock prices? (Round your answers to 2 decimal places.)

	High	Low
Break-even-prices