# Question

Verify that you earn the same profit and payoff by

(a) Buying the S&R index for $1000 and

(b) Buying a 950-strike S&R call, selling a 950-strike S&R put, and lending $931.37.

(a) Buying the S&R index for $1000 and

(b) Buying a 950-strike S&R call, selling a 950-strike S&R put, and lending $931.37.

## Answer to relevant Questions

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