Question: You long both one call and one put option contract of ChiaYi.com's stock with the sameexercise price of $80. The premium of the call and

You long both one call and one put option contract of ChiaYi.com's stock with the sameexercise price of $80. The premium of the call and put are $7 and $8.5, respectively.

a.The maximum loss for this strategy will be(Input the amount as positive value. Round your answer to 2 decimal places.)

b.If ChiaYi's stock price is $88,your profit or loss will be(Inputthe amount as positive value. Round your answer to 2 decimal places.)

c.What is the break-even price for this strategy?(Input your answers from highest to lowest to receive credit for your answers. Round your answers to 2 decimal places.)

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