A trader establishes an option-trading strategy as follows:

• One long   put option with a strike price of $40, which has a premium of $4.20, and
• One short call option with a strike price of $60, which has a premium of $ 7.10.

The net payoff diagram for this strategy is depicted as follows:

The upfront cost to establish this strategy is .  Do not enter a +ve or -ve sign for this answer. Just enter the dollar amount to 2 decimal places. Do not enter the dollar sign ($).

In the following questions, enter all answers to 2 decimal places.

If the payoff is negative, be sure to enter the negative sign.

Be careful to differentiate between gross payoffs and net payoffs. Do not enter dollar signs ($).

If the underlying share price at expiry is $34:

• The gross payoff on the short call option is
• The gross payoff on the long  put option is
• The gross payoff to the option-trading strategy is .

Taking the upfront establishment cost into account, the breakeven point for this option-trading strategy is .

Do not enter dollar signs ($) anywhere in this question. Enter answers to 2 decimal places.