Question: The payoffs from holding a call option can be replicated by. 1. borrow money to invest in the stock. 2. borrow money to buy a

The payoffs from holding a call option can be replicated by.

1. borrow money to invest in the stock.

2. borrow money to buy a put option.

3. simultaneously sell a call and buy a put.

4. simultaneously buy a share and buy a put.

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