S=48, X=50, C=4, P=3

6. The maximum payoff to a put option holder is a. $50 b. $47 c. $3 d. $43 e. $0 7. The maximum payoff to the call option writer is a. $4 b. $43 c. $47 d. $50 e. S0 S. At expiration option prices converge to their intrinsic values. If this is true, I. C=$0 and P=$2 II Put-Call Parity holds III. The securities are in equilibrium a. I only b. III only c. I, II, and III d. I and III e. I and