Question: I will leave a thumbs up if correct!! You own a put option on Ford stock with a strike price of $10. When you bought

I will leave a thumbs up if correct!!
 I will leave a thumbs up if correct!! You own a

You own a put option on Ford stock with a strike price of $10. When you bought the put, its cost to you was $2. The option will expire in exactly six months' time. a. If the stock is trading at $8 in six months, what will be the payoff of the put? What will be the profit of the put? b. If the stock is trading at $25 in six months, what will be the payoff of the put? What will be the profit of the put? 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 put is $. and the profit of the put is $ (Round to the nearest dollar.)

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