You buy a straddle, which means you purchase a put and a call with the same strike price. The put price is $2.20 and the call price is $370. Assume the strike price is $40. a. What are the expiration date payoffs to this position for stock prices of $30, $35, $40, $45, and $50? 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.) Call payoff Put payoff Total payoff Total profit Stock price S 30 $ 35 $ 40 $ 45 S 50 b. What are the break even stock prices? (Round your answers to 2 decimal places.) High Low Break even prices