You buy a straddle, which means you purchase a put and a call with the same strike price. The put price is $2.80 and the call price is $4.20. Assume the strike price is $75. a. What are the expiration date payoffs to this position for stock prices of $65, $70, $75, $80, and $85? 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.) Stock price $ 65 Call payoff Put payoff Total payoff Total profit 10 $ 70 $75 $ 80 $85 3