Excel Solution Assume that you have shorted the put option in Problem $4.$ When you sold $($wrote$)$ the put, you received $$2.$

a$.$ If the stock is trading at $$8$ in three months, what will your payoff be$?$ What will your profit be$?$

b$.$ If the stock is trading at $$23$ in three months, what will your payoff be$?$ What will yout rofit be$?$

c$.$ Draw a payoff diagram show ou owe at expiration as a function of the stock price at expiration.

d$.$ Redo part $($c$),$ but instead of showing payoffs, show profits.