Testator executed a valid will on January 5, 2005, leaving a…

Testator executed a valid will on January 5, 2005, leaving all his property to Sam.  On June 1, 2015, Testator executed a new valid will expressly revoking all prior wills and leaving all his property to George.  Testator validly revoked the June 1, 2015 will on May 4, 2021.  Testator died on July 1, 2026 survived only by Sam, George, and Testator’s only child, Sue.  To determine the proper distribution of Testator’s estate, on which one of the following topics would you focus your research?

The stock price for My Robot  is $35. An investor believes t…

The stock price for My Robot  is $35. An investor believes that the stock price will experience significant volatility in the following six months due to a court case  verdict where an angry My Robot stole a Tesla and did some damage to the Louvre in Paris.  The stock will either go way up or way down. He decides to use a long straddle strategy by buying both a put and call option with the same expiration date 6 months and the same strike price of $35. The investor paid a premium of $2.36 for the call option and a premium of $ 2.73 for the put option. What will the net profit or loss for the investor be if the stock price is $43 on the expiration date of the options?  Answer in $ XX.XX  format (no $ sign) HINT: determine the investment in the options, then the payoff, then the profit