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You own a call option on Intuit stock with strike price of $33. The option will expire in exactly three months' time. a. If

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You own a call option on Intuit stock with strike price of $33. The option will expire in exactly three months' time. a. If the stock is trading at $47 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. a. If the stock is trading at $47 in three months, what will be the payoff of the call? If the stock is trading at $47 in three months, the payoff of the call will be $ b. If the stock is trading at $22 in three months, what is the value of the call? If the stock is trading at $22 in three months, the payoff of the call will be $ 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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