You establish a straddle on a company using December call and put options with a strike price of $50. The premium on the call option is $4.80 and the premium on the put option is $5.40. What is your maximum loss on this position?

a. What is the most you can lose on this position? (Loss amounts should be indicated by a minus sign. Round your answer to 2 decimal places.)

Maximum loss $

b. What will be your profit or loss if the company's stock is selling for $58 in December? (Loss amounts should be indicated by a minus sign. Round your answer to 2 decimal places.)

Profit/Loss $

c. At what stock prices will you break even on the straddle? (Input your answers from highest to lowest to receive credit for your answers. Round your answers to 2 decimal places.)

Break even prices If S_T>X $ and If S_T