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You own a call option on Intuit stock with strike price of $44. The option will expire in exactly three months' time. a. If the

You own a call option on Intuit stock with strike price of $44. The option will expire in exactly three months' time.

a. If the stock is trading at $58 in three months, what will be the payoff of the call?

b. If the stock is trading at $29 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.

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