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( 5 ) Puts are trading on CC stock. They sell for $ 4 . 8 7 5 each and have a strike price of

(5) Puts are trading on CC stock. They sell for $ 4.875 each and have a strike price of $50.a.) What is the payoff at expiration of this put, and net profit, if on the expiration date, CC stock sells for $ 64?b.) What is the payoff at expiration, and net profit, if on the expiration date, CC stock sells for $ 43?c.) Draw the payoff diagram for this option

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