6. You can realize the same value as that derived from stock ownership if you _________.

   1. A) sell a put option and invest at the risk-free rate of return

   2. B) buy a call option and sell a put option on a stock and also borrow funds at the risk-free rate

   3. C) sell a put option and buy a call option on a stock as well as invest at the risk-free rate of

      return

   4. D) lend out funds at the risk-free rate of return and sell a put option on the stock

7. You can realize the same value as taking a long position in a call option if you _________. A) sell a stock, sell a put option on the stock, and invest at the risk-free rate of return B) buy the stock, buy a put option on the stock, and borrow funds at the risk-free rate C) sell a stock, buy a put option on the stock, and invest at the risk-free rate of return

   D) borrow funds at the risk-free rate of return and sell a put option on the stock