You buy a straddle, which means you purchase a put and a call with the same strike price. The put price is $1.20 and the call price is $3.50. Assume the strike price is $30. a. What are the expiration date profits to this position for stock prices of $20, $25, $30, $35, and $40? (Negative amounts should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Round your "Total profit" answers to 2 decimal places. Omit the "$" sign in your response.) Stock Price Call Payoff Put Payoff Total Payoff Total Profit $20 $ 0 $ 10 $ 10 $ $25 $ 0 $ 5 $ 5 $ .3 $30 $ 0 $ 0 $ 0 $ $35 $ 5 $ 0 $ 5 $ .3 $40 $ 10 $ 0 $ 10 $ b. What are the break-even stock prices? (Round your answers to 2 decimal places. Omit the "$" sign in your response.) High Low Break-even prices $ 34.7 $ 25.3