You establish a straddle on Walmart using September call and put options with a strike price of $65. The call premium is $5.00 and the put premium is $5.75.

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 $74 in September? (Input the amount as positive value. Round your answer to 2 decimal places.)

Profit/Loss of $_________

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 $_________