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You establish a straddle on Walmart using September call and put options with a strike price of $34. The call premium is $4.75 and the

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You establish a straddle on Walmart using September call and put options with a strike price of $34. The call premium is $4.75 and the put premium is $4.00. a. What is the payoff on this position if Walmart is selling for $34 in September? b. What will be your payoff if Walmart is selling for $30.6 in September? c. What will be your payoff if Walmart is selling for $34.03 in September? d. What is the cost of this investment strategy? $ e. What will be your percent return if Walmart is selling $34 in September? percent

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