You own a put option on Ford stock with a strike price of $8. The option will expire in exactly six months. a. If the stock is trading at $7 in six months, what will be the payoff of the put? b. If the stock is trading at $17 in six months, what will be the payoff of the put? c. Draw a payoff diagram showing the value of the put at expiration as a function of the stock price at expiration