= Homework: Lab #7 Question 14, Problem 13-5 Part 1 of 4 HW Score: 38.46%, 15 of 39 points O Points: 0 of 6 Save You have shorted a put option on Ford stock with a strike price of $8. When you sold (wrote) the put, you received $2. The option will expire in exactly six months' time a. If the stock is trading at $3 in six months, what will your payoff be? What will your profit be? b. If the stock is trading at $18 in six months, what will your payoff be? What will your profit be? c. Draw a payoff diagram showing the value of the put at expiration as a function of the stock price at expiration. d. Redo c, but instead of showing payoffs, show profits. ... a. The payoff of the short is $ , and the profit of the short is $ (Round to the nearest dollar.)