You establish a straddle on Walmart using September call and put options with a strike price of $\backslash (\backslash$$ $88\backslash ).$ The call premlum is $\backslash (\backslash$$ $7\mathrm{.}40\backslash )$ and the put premlum is $\backslash (\backslash$$ $8\mathrm{.}15\backslash ).$

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.$)$

Maximum loss

b$.$ What will be your profit or loss if Walmart is selling for $\backslash (\backslash$$ $94\backslash )$ in September? $($Input the amount as positive value. Round your answer to $2$ decimal places.$)$

of

c$-1.$ What is the Break$-$even price for lower bound? $($Round your answer to $2$ decimal places.$)$

Break$-$even price for lower bound

c$-2.$ What is the Break$-$even price for upper bound? $($Round your answer to $2$ decimal places.$)$

Break$-$even price for upper bound