Question: You establish a straddle on Walmart using September call and put options with a strike price of $ 8 9 . The call premium is

You establish a straddle on Walmart using September call and put options with a strike price of $89. The call premium is $7.45 and the put premium is $8.20.
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 Walmart is selling for $96 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.)

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