You buy a straddle, which means you purchase a put and a call with the same strike price. The put price is $3.30 and the call price is $4.40. 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 "0" wherever required. Round your "Total profit" answers to 2 decimal places.)

Stock price	Call payoff	Put payoff	Total payoff	Total profit
$65
$70
$75
$80
$85

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

	High	Low
Break-even prices