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You establish a straddle on Walmart using September call and put options with a strike price of $33. The call premium is $5.75 and the

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You establish a straddle on Walmart using September call and put options with a strike price of $33. 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 $33 in September? b. What will be your payoff if Walmart is selling for $28.05 in September? c. What will be your payoff if Walmart is selling for $37.98 in September? d. What is the cost of this investment strategy? e. What will be your percent return if Walmart is selling $33 in September? percent

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