You have shorted a put option on Ford stock with a strike price of $11. When you sold (wrote) the put, you received $3. The option will expire in exactly six months' time. a. If the stock is trading at $8 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. a. The payoff of the short is $0, and the profit of the short is $ (Round to the nearest dollar.) b. The payoff of the short is $0, and the profit of the short is $ 2 (Round to the nearest dollar.) c. Choose the correct diagram below. O B. 20- 10- 10- Value of the Short ($) the Short ($) 10 20 30 40 50 60 10 20 30 40 50 60 -10- Value -20- -20 Stock Price at Expiration ($) Stock Price at Expiration ($) C. OD. 20- 20- 10- 10- Value of the Short ($) 0- Value of the Short ($) 10 20 30 40 50 60 10 20 30 40 50 60 -10- -10 -20- -200 Stock Price at Expiration ($) Stock Price at Expiration ($) d. Choose the correct diagram below. O A. B. 20- 10- 10- Profit of the Short ($) 0- 1 1 10. 20 30 40 50 60 10 20 30 40 50 60 -10- -10 -200 -20% Stock Price at Expiration ($) Stock Price at Expiration ($) C. D. 207 20 10- 10- Profit of the Short ($) 0 10 20 30 40 50 60 10 20 30 40 50 60 -10 -200 -20- Otael, Dianatomination 10 taal, wanatumination 10