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Score: 0 of 1 pt 4 of 15 (2 co P 21-4 (similar to) You own a put option on Ford stock with a strike

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Score: 0 of 1 pt 4 of 15 (2 co P 21-4 (similar to) You own a put option on Ford stock with a strike price of $10. The option will expire in exactly six months a. If the stock is trading at $8 in six months, what will be the payoff of the put? b. If the stock is trading at $22 in six months, what will be the payoff of the put? c. Draw a payoff diagram showing the value of the put at expiration as a function of the stock price at expiration. a. If the stock is trading at $8 in six months, what will be the payoff of the put? If the stock is trading at $8 in six months, the payoff of the put is $ ) (Round to the nearest dollar)

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