2. Suppose that an European put option on 1000 shares has the strike price 9 $/share and the premium 0.5 $/share. a) What will be the maximum loss and the maximum profit for the option buyer? b) What will be the sellers payoff if the spot price at maturity is 9.3 $/share? Draw the diagram. c) What will be the buyers payoff if the spot price at maturity is 8.2 $/share? Draw the diagram. d) If the spot price at maturity is 8.7 $/share, the put option is ITM, ATM or OTM? e) For which value of the spot price the put option is ATM?