Payoff boubab 0 5 10 15 20 25 30 35 40 45 50 Value of underlying asset at contract maturity The above diagram shows the payoff of a position taken in a futures contract. Which of the a following statements is false? a. The payoff shows a long position taken in the futures contract. b. The payoff is negative when price of the underlying is below $20. O c. The payoff is positive when price of the underlying is above $20. O d. The payoff shows a short position taken in the futures contract