9) An investor sells a European call option on a share for 4. The stock price is 47 and the strike price is 50. Required: Fully explain the circumstances under which the call option seller makes a profit? (ii) Under what circumstances will the option be exercised? (III) Draw a fully labelled diagram showing the variation in the seller's profit versus I the stock price at the maturity of the option. (iv)Draw a fully labelled diagram from the perspective of the holder of the call option