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= Homework: Lab #7 Question 11, Problem 13-2 Part 1 of 4 HW Score: 38.46%, 15 of 39 points O Points: 0 of 6 Save
= Homework: Lab #7 Question 11, Problem 13-2 Part 1 of 4 HW Score: 38.46%, 15 of 39 points O Points: 0 of 6 Save You own a call option on Intuit stock with a strike price of $40. When you purchased the option, it cost $7. The option will expire in exactly three months' time. a. If the stock is trading at $54 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 $29 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. and the profit of the call is $ a. The payoff of the call is $ (Round to the nearest dollar.) Question Viewer Help me solve this View an example Ask my instructor Clear all Check
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