You have shorted a put option on Ford stock with a strike price of $$$$11.$ When you sold$($wrote$)$ the$$ put, you received $$$$2.$ The option will expire in exactly six$$ months' time.

a$.$ If the stock is trading at $$$$7$ in six$$ months, what will your payoff$$ be$?$ What will your profit$$ be$?$

b$.$ If the stock is trading at $$$$21$ in six$$ months, what will your payoff$$ be$?$ What will your profit$$ be$?$

c$.$ Draw a payoff diagram showing the value of the put at expiration as a function of the stock price at expiration.

d$.$ Redo$$ c$,$ but instead of showing$$ payoffs, show profits.