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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 .

You buy a straddle, which means you purchase a put and a call
with the same strike price. The put price is $3.10 and the call
price is $3.60. Assume the strike price is $35.a.What are the expiration date payoffs to
this position for stock prices of $25, $30, $35, $40, and
$45?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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