You own a put option on Ford stock with a strike price of $11. When you bought the put, its cost to you was $2. The option will expire in exactly six months' time. a. If the stock is trading at $7 in six months, what will be the payoff of the put? What will be the profit of the put? b. If the stock is trading at $21 in six months, what will be the payoff of the put? What will be the profit 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. d. Redo c, but instead of showing payoffs, show profits. a. The payoff of the put is $ , and the profit of the put is $ (Round to the nearest dollar.) and the profit of the put is $ b. The payoff of the put is $ (Round to the nearest dollar.) c. Choose the correct diagram below. O A. B. 20- 20- 10- 10- 0- 10 20 30 40 50 60 10 20 30 40 50 60 -101 -10 -20% -20- Stock Price at Expiration ($) Stock Price at Expiration ($) O c. D. 20 20 10- L 10- 1 10 20 30 40 50 60 10 20 30 40 50 60 -10 -10 -20- -200 Stock Price at Expiration ($) Stock Price at Expiration ($) d. Choose the correct diagram below. O A. B. 20 10- 10- 30 40 50 60 10 30 40 50 60 -101 -10 -20- -20- Stock Price at Expiration ($) Stock Price at Expiration ($) o o 20- 20- 10- 10- Profit of the Put ($) 0- 10 20 30 40 50 60 10 20 60 -10 -104 -200 Stock Price at Expiration ($) Stock Price at Expiration ($)