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Assume you have shorted a put option on Ford stock with a strike price of $13. The option will expire in exactly six months. a.

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Assume you have shorted a put option on Ford stock with a strike price of $13. The option will expire in exactly six months. a. If the stock is trading at $8 in six months, what will you owe? b. If the stock is trading at $22 in six months, what will you owe? c. Draw a payoff diagram showing the amount you owe at expiration as a function of the stock price at expiration

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