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You establish a straddle on Walmart using September call and put options with a strike price of $70. The call premium is $5.25 and the

You establish a straddle on Walmart using September call and put options with a strike price of $70. The call premium is $5.25 and the put premium is $6.00. a. What is the most you can lose on this position? b. What will be your profit or loss if Walmart is selling for $78 in September? c. At what stock prices will you break even on the straddle

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