a-d

You own a call option on Intuit stock with a strike price of $40. When you purchased the option, it cost $5. The option will expire in exactly three months time. a. If the stock is trading at $59 in three months, what will be the payoff of the call? What will be the profit of the call? b. If the stock is trading at $26 in three months, what will be the payoff of the call? What will be the profit of the call? c. Draw a payoff diagram showing the value of the call at expiration as a function of the stock price at expiration d. Redo c, but instead of showing payoffs, show profits. a. The payoff of the calls and the profit of the call is $ (Round to the nearest dollar)