What is the total premium paid by holder of the long, Financial Management

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What is the total premium paid by holder of the long

Given the writer of a straddle with the following information:

Sell 5 IBM 120 August calls @3

Sell 5 IBM 120 August puts @2

Calculate the B.E points:

What is the strike price? _____________

What is the total premium paid by holder of the long position ____________

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Financial Management: What is the total premium paid by holder of the long

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Financial Management: What is the total premium paid by holder of the long

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