The stock price of zaparicom can take the following:

TIME $12345678910$

PRICE $11111213101112131412$

A European call option is entered on the stock with a strike of $11.$ The

premium is $1$ and the market risk free rate is $4\mathrm{.}55\%$ p$.$a$.$ Based on this

information and using general reasoning, illustrate payoff and profit outcomes

for each the stated prices from the both long and short positions.