Question: Use the data below on Altec stock options to answer the question. Exercise Price Call Price Put Price $22.00 $1.75 $2.55 What is the profit

Use the data below on Altec stock options to answer the question.

Exercise Price

Call Price

Put Price

$22.00

$1.75

$2.55

What is the profit (loss) of a long straddle at an expiration stock price of $35.

Group of answer choices

$15.55

$0.00

-$2.55

$11.25

-$4.30

$8.70

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