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You establish a straddle on CostCo using September call and put options with a strike price of $81. The call price is $7.05 and the
You establish a straddle on CostCo using September call and put options with a strike price of $81. The call price is $7.05 and the put price is $7.80. a. What is your maximum possible loss on this position? (Input the amount as positive value. Round your answer to 2 decimal places.) Maximum loss $ 14.85 b. What will be your profit or loss if CostCo's stock is selling for $90 in September? (Input the amount as positive value. Round your answer to 2 decimal places.) Loss of $ 5.85 c-1. What is the Break-even price for lower bound? (Round your answer to 2 decimal places.) Break-even price for lower bound c-2. What is the Break-even price for upper bound? (Round your answer to 2 decimal places.) Break-even price for upper bound
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