Question: Please help me answer the following question with clear answers. Thank you = Homework: Lab #7 Question 13, Problem 13-4 Part 1 of 4 HW
Please help me answer the following question with clear answers. Thank you

= Homework: Lab #7 Question 13, Problem 13-4 Part 1 of 4 HW Score: 38.46%, 15 of 39 points O Points: 0 of 6 Save You own a put option on Ford stock with a strike price of $11. When you bought the put, its cost to you was $3. The option will expire in exactly six months' time. a. If the stock is trading at $7 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 $20 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. .. and the profit of the put is $ a. The payoff of the put is $ (Round to the nearest dollar.)
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