Help with these questions thanks! Finance related

Michael Chan fell asleep during his Afin 2053 lecture on derivatives but unfortunately has a job interview as a derivatives trader and is feeling a little uncertain about a few of the concepts so would like your assistance. If he were to take a long position in a put on ABC shares he wants to know if the profit will be potentially limited or unlimited? (Choose the a) most appropriate answer) (2 Marks) Answer: b) If he had a long put option on DEF Shares for which he paid a premium of 25c and the exercise price of the option was $12 and the current market price was SIC, at what market price would the options have? Answer to the nearest cent. A zero payoff? (2 Marks) Answer: A zero profit? (2 Marks) Answer: If he was to buy JKL Calls at a premium of $4.40 and the exercise price was $24.00 and the current spot price was $25, in the box below write c) down the following two numbers: (2 Marks). Answer to the nearest cent. with no , or $ or other symbols. Intrinsic Value Answer ime Value nswer d) Describe the impact that the following actions would have on the value of a call option (4 Marks): Increase in volatility of the underlying Security Increase in the time to maturity Increase in the spot price of the underlying Increase in the exercise price of the option