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You own a call option on Intuit stock with a strike price of $ 3 0 . The option will expire in exactly three months.

You own a call option on Intuit stock with a strike price of $30. The option will expire in exactly three months.
a. If the stock is trading at $38 in three months, what will be the payoff of the call?
b. If the stock is trading at $24 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 $38 in three months, what will be the payoff of the call?
If the stock is trading at $38 in three months, the payoff of the call is $.(Round to the nearest dollar.)
b. If the stock is trading at $24 in three months, what will be the payoff of the call?
If the stock is trading at $24 in three months, the payoff of the call is $
(Round to the nearest dollar.)
c. Draw a payoff diagram showing the value of the call at expiration as a function of the stock price at expiration.
Which of the four graphs best represents the payoff diagram? (Select the best choice below.)
B.
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