You establish a straddle on Walmart using September call and put options with a strike price of $58. The call premium is $5.75 and the put premium is $5.00.

a. What is the payoff on this position if Walmart is selling for $58 in September?

b. What will be your payoff if Walmart is selling for $43.5 in September?

c. What will be your payoff if Walmart is selling for $72.56 in September?

d. What is the cost of this investment strategy?

e. What will be your percent return if Walmart is selling $72.56 in September?