You own a call option on Intuit stock with strike price of $$35.$ The option will expire in exactly three$$ months' time.$$

a$.$ If the stock is trading at $ $53$ in three$$ months, what will be the payoff of the$$ call?

b$.$ If the stock is trading at $$27$ in three$$ 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.