You own a put option on Ford stock with a strike price of $14. When you bought the put, its cost to you was $6. The option will expire in exactly six months' time.

a. If the stock is trading at $8 in six months, what will be the payoff of the put? What will be the profit of the put? Round to nearest dollar

b. If the stock is trading at $26 in six months, what will be the payoff of the put? What will be the profit of the put? Round to nearest dollar