Business, 04.12.2020 16:40 abolton04

You establish a straddle on Fincorp using September call and put options with a strike price of $80. The call premium is $7.00 and the put premium is $8.50. 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 Fincorp is selling for $88 in September? (Input the amount as positive value. Round your answer to 2 decimal places.)

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.)

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You establish a straddle on Fincorp using September call and put options with a strike price of $80....

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