Options referred to in this question are on the same stock and have the same strike price and same maturity.

Suppose an investor buys a put option, sells a call option and buys a share of the stock.

What will be the value of his investment on the final exercise date?

Group of answer choices

Above the exercise price if the stock price rises and below the exercise price if it falls

Equal to the stock price

Equal to the exercise price regardless of the stock price

Equal to zero regardless of the stock price

Below the exercise price if the stock price rises and above if it falls