Question 1 (Mandatory) (12.5 points) Consider a short straddle where: Strike price = $73...

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Question 1 (Mandatory) (12.5 points) Consider a short straddle where: Strike price = $73 (for both the call and the put) Call premium = $5 Put premium = $8 . What is the higher breakeven point? Please input your answer to the closest cent (hence, your answer must include two digits past the decimal). Please do not use commas or dollar signs. A/ Question 2 (Mandatory) (12.5 points) By a covered call, the premium received due to the short call is always equal to the forward price. True False

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