What will the return be on the straddle how much profit or, Financial Management

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What will the return be on the straddle how much profit or

What is a straddle, and why would an investor choose to buy one? Assume an investor buys a $28 straddle on BSX. At what stock prices at expiration will that positon be profitable? Assume at expiration BSX sells for $22: what will the % return be on the straddle? How much profit or loss will the investor earn per share?

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