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You buy a straddle, which means you purchase a put and a call with the same strike price. The put price is $3.20 and the

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You buy a straddle, which means you purchase a put and a call with the same strike price. The put price is $3.20 and the call price is $5.00. Assume the strike price is $105. a. What are the expiration date payoffs to this position for stock prices of $95,$100, $105, $110, and $115 ? 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.) b. What are the break-even stock prices? (Round your answers to 2 decimal places.)

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