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You establish a straddle on Walmart using September call and put options with a strike price of $52. The call premium is $4.35 and the

You establish a straddle on Walmart using September call and put options with a strike price of $52. The call premium is $4.35 and the put premium is $5.10.

a.What is the most you can lose on this position?

b.What will be your profit or loss if Walmart is selling for $58 in September?

c.At what stock prices will you break even on the straddle?

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