You own a call option on Intuit stock with a strike price of $37. The...

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Finance

You own a call option on Intuit stock with a strike price of $37. The price of the option is 4.25. The option will expire in exactly six months' time. Draw a payoff diagram showing the net payoff of the call at expiration as a function of the stock price at expiration. Which of the four graphs best represents the payoff diagram?

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