Question: Plz solve the question quickly and answer correctly** ***PUT THE ANSWER IN 4 DECIMALS*** Suppose an individual investor has implemented a straddle trading strategy. The

Plz solve the question quickly and answer correctly** ***PUT THE ANSWER

Plz solve the question quickly and answer correctly** ***PUT THE ANSWER IN 4 DECIMALS***

Suppose an individual investor has implemented a straddle trading strategy. The investor purchased a 6-month European call option with the strike price of $58 on the stock of a specific firm for $5, and simultaneously purchased a 6-month European put option on the stock of the same firm for $4 with the strike price of $58. If the current price of the underlying stock is $65, what is the profit of the straddle strategy

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