Question: Please Answer C: You establish a straddle on Walmart using the September call and put options with a strike price of $51. The call premium

Please Answer C: You establish a straddle on Walmart using the September call and put options with a strike price of $51. The call premium is $4.30 and the put premium is $5.05.

a. What is the most you can lose on this position? (Input the amount as a positive value. Round your answer to 2 decimal places.)

Maximum loss $ 9.35

b. What will be your profit or loss if Walmart is selling for $56 in September? (Input the amount as positive value. Round your answer to 2 decimal places.)

Loss of $4.35

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 $_____

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