Answer A to D

Problem 13-2 Question Help You own a call option on Intuit stock with a strike price of $36. When you purchased the option, it cost $3. The option will expire in exactly three months' time. a. If the stock is trading at $50 in three months, what will be the payoff of the call? What will be the profit of the call? b. If the stock is trading at $31 in three months, what will be the payoff of the call? What will be the profit of the call? c. Draw a payoff diagram showing the value of the call at expiration as a function of the stock price at expiration. d. Redo c, but instead of showing payoffs, show profits. and the profit of the call is $ a. The payoff of the call is $ (Round to the nearest dollar.)