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Score: 0 of 1 pt 2 of 15 (2 com P 21-2 (similar to) You own a call option on Intuit stock with a strike

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Score: 0 of 1 pt 2 of 15 (2 com P 21-2 (similar to) You own a call option on Intuit stock with a strike price of $42. The option will expire in exactly three months a. If the stock is trading at $51 in three months, what will be the payoff of the call? b. If the stock is trading at $29 in three months, what will be the payoff 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. a. If the stock is trading at $51 in three months, what will be the payoff of the call? If the stock is trading at $51 in three months, the payoff of the call is $ . (Round to the nearest dollar)

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