Question: You buy a straddle, which means you purchase a put and a call with the same strike price. The put price is $3.80 and the

You buy a straddle, which means you purchase a put and a call with the same strike price. The put price is $3.80 and the call price is $5.20. Assume the strike price is $75. What are the expiration date profits to this position for stock prices of $65, $70, $75, $80, and $85? What are the expiration date profits for these same stock prices? What are the breakeven stock prices?

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