You establish a straddle on Fincorp using September call and put options with a strike price of $80. The call premium is $7.00 and the put premium is $8.50. Required: a. What is the most you can lose on this position? (Input the amount as positive value. Round your answer to 2 decimal places.) b. What will be your profit or loss if Fincorp is selling for $88 in September? (Input the amount as positive value. Round your answer to 2 decimal places.) c-1. What is the Break-even price for lower bound? (Round your answer to 2 decimal places.) c-2. What is the Break-even price for upper bound? (Round your answer to 2 decimal places.)