QUESTION 1 14 points Save Answer You form a long straddle by buying a call with a premium of C = $3, and buying a put with a premium of P = $4. Both options have an exercise price of X = $29, both mature in 6 months, and both have the same underlying asset. Find the profit of this straddle when the price of the underlying asset is 5 = $85. Do NOT use the $ symbol in your answer; just write a numerical value. Of course, include the negative sign if the answer is negative; but do not include the positive sign if the answer is positive. QUESTION 2 14 points Save Answer You form a long straddle by buying a call with a premium of C = $7, and buying a put with a premium of P = $9. Both options have an exercise price of X = $25, both mature in 5 months, and both have the same underlying asset. Find the profit of this straddle when the price of the underlying asset is 5 = $32. Do NOT use the $ symbol in your answer; just write a numerical value. Of course, include the negative sign if the answer is negative; but do not include the positive sign if the answer is positive. QUESTION 3 14 points Save Answer You form a long straddle by buying a call with a premium of C = $6, and buying a put with a premium of P = $8. Both options have an exercise price of X = $57, both mature in 2 months, and both have the same underlying asset. Find the profit of this straddle when the price of the underlying asset is 5 = $12. Do NOT use the $ symbol in your answer; just write a numerical value. Of course, include the negative sign if the answer is negative; but do not include the positive sign if the answer is positive. QUESTION 4 14 points Save Answer You form a long straddle by buying a call with a premium of C = $9, and buying a put with a premium of P = $6. Both options have an exercise price of X = $62, both mature in 2 months, and both have the same underlying asset. Find the profit of this straddle when the price of the underlying asset is 5 = $58. Do NOT use the $ symbol in your answer; just write a numerical value. Of course, include the negative sign if the answer is negative; but do not include the positive sign if the answer is positive