You buy a straddle, which means you purchase a put and a call with the same strike price. The put price is $2.40 and the call price is $4.50. Assume the strike price is $80.

a. What are the expiration date payoffs to this position for stock prices of $70, $75, $80, $85, and $90? 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
70
75
80
85
90

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

	High	Low
Break-even prices