Using put-call parity, it can be shown that a synthetic European put can be created by a portfolio :that is short the stock, long the call, and long a pure discount bond that pays the exercise price at option expiration. short the stock, long the call, and short a pure discount bond that pays the exercise price at option expiration. O long the stock, short the call, and short a pure discount bond that pays the exercise price at option expiration. O *:A call option that is in the money has an exercise price less than the market price of the asset. has an exercise price greater than the market price of the asset. has a value greater than its purchase price. O