What is the total premium paid by holder of long position

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Reference no: EM131595859

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 ____________

Reference no: EM131595859

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