You buy a straddle, which means you purchase a put and a call with the same strike price. The put price is $1.60 and the call price is $5.10. Assume the strike price is $110.?

You buy a straddle, which means you purchase a put and a call with the same strike price. The put price is $1.60 and the call price is $5.10. Assume the strike price is $110. a. What are the per share expiration date profits to this position for stock prices of $100, $105, $110, $115, and $120? (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 $100 $105 $110 $115 $120 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