You buy a straddle, which means you purchase a put and a call with the same strike price. The put price is $1.40 and the call price is $4.30. Assume the strike price is $70.

a.

What are the expiration date profits to this position for stock prices of $60, $65, $70, $75, and $80? (Negative amounts should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Round your "Total profit" answers to 2 decimal places. Omit the "$" sign in your response.)

Stock Price		Call Payoff		Put Payoff		Total Payoff		Total Profit
$60		$		$		$		$
$65		$		$		$		$
$70		$		$		$		$
$75		$		$		$		$
$80		$		$		$		$

b.	What are the break-even stock prices? (Round your answers to 2 decimal places. Omit the "$" sign in your response.)

	High	Low
Break-even prices	$	$