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15. A stock option has a strike price of $25 and costs $2.5 (LO3) a) Draw the payoff diagram if a trader takes the long
15. A stock option has a strike price of $25 and costs $2.5 (LO3) a) Draw the payoff diagram if a trader takes the long put position. b) Draw the payoff diagram if a trader takes the long call position. c) At the exercise date, if the stock is $35, will you exercise your option if you are holding a long call position? How much profit are you going to make (If any)
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