Determine which of the following positions has the same cash ows as a short stock position. (A)
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Determine which of the following positions has the same cash ows as a short stock position.
(A) Long forward and long zero-coupon bond
(B) Long forward and short forward
(C) Long forward and short zero-coupon bond
(D) Long zero-coupon bond and short forward
(E) Short forward and short zero-coupon bond
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