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? (Input the amount as positive value. Round your answer to 2 decimal places.)

Maximum loss

$

b.	What will be your profit or loss if Walmart is selling for $78 in September? (Input the amount as positive value. Round your answer to 2 decimal places.)

(Click to select)LossProfit

$

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

$ and $