You establish a straddle on Walmart using September call and put options with a strike price of $56. The call premium is $4.55 and the put premium is $5.30.

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 $61 in September? (Input the amount as positive value. Round your answer to 2 decimal places.)

(Click to select)ProfitLoss of $

c. At what stock prices will you break even on the straddle? (Input your answers from highest to lowest to receive credit for your answers. Round your answers to 2 decimal places.)

Break even prices $ and $