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

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

b. If the stock is trading at in three months, what will be the payoff 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.

You own a call option on Intuit stock with a strike price of $43. The option will expire in exactly three months' time. a. If the stock is trading at $62 in three months, what will be the payoff of the call? b. If the stock is trading at $31 in three months, what will be the payoff 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 $62 in three months, what will be the payoff of the call? If the stock is trading at $62 in three months, the payoff of the call is $ (Round to the nearest dollar.) b. If the stock is trading at $31 in three months, what will be the payoff of the call? If the stock is trading at $31 in three months, the payoff of the call is $ (Round to the nearest dollar.) c. Draw a payoff diagram showing the value of the call at expiration as a function of the stock price at expiration. Which of the four graphs best represents the payoff diagram? (Select the best choice below.)

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