Q$2.$ : A call with a strike price of $$60$ costs $$6.$ A put with the same strike price and expiration date costs $$4.$

a$)$ How can a straddle strategy be created?

b$)$ What is the cost of the strategy?

c$)$ What is$($are$)$ the breakeven$($s$)$ point?

d$)$ When should I exercise my long positions? Prove it

e$)$ For what range of future stock prices would the straddle lead to a gain? Is this gain limited$?$

f$)$ For what range of future stock prices would the straddle lead to a loss? Is this loss limited$?$

g$)$ What is the maximum amount that you could lose and at what future stock price?