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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