Question: What is the payoff for a call option with a strike price of $50 if the stock price at expiration is $40? What if the

What is the payoff for a call option with a strike price of $50 if the stock price at expiration is $40? What if the stock price is $65?

What is the payoff for a put option with a strike price of $50 if the stock price at expiration is $40? What if the stock price is $65?

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