You own a call option on Intuit stock with strike price of $ 30. The option will expire in exactly three months' time.

a. If the stock is trading at $ 46 in three months, what will be the payoff of the call? b. If the stock is trading at $ 22 in three months, what is the value 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.