You establish a straddle on Walmart using September call and put options with a strike price...

You establish a straddle on Walmart using September call and put options with a strike price of $85. The call premium is $7.25 and the put premium is $8.00. 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 Walmart is selling for $89 in September? (Input the amount as positive value. Round your answer to 2 decimal places.) c-1. What is the Break-even price for lower bound?

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