Question 3 1 points Save Answer = = Let S = $45, K = $40, r = 7% (continuously compounded), T = 0.75, 8 = 0. Let u = 1.25, d = 0.75, and n = 1. Suppose you observe that the price of a European put option is $2.09. In this situation, an arbitrageur would simultaneously... a. sell the put, sell 0.2778 shares of the stock, and lend $14.8258. b. buy the put, sell 0.2778 shares of the stock, and lend $14.8258. C. sell the put, buy 0.2778 shares of the stock, and borrow $14.8258. d. buy the put, buy 0.2778 shares of the stock, and borrow $14.8258