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According to Put-Call parity, which of t...

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题目

According to Put-Call parity, which of the following is equivalent to buying a call option on a stock?

选项

A.Writing a put, selling the stock, and buying bonds (lending).

B.Writing a put, buying the stock, and selling short bonds (borrowing).

C.Buying a put, selling the stock, and buying bonds (lending).

D.Buying a put, buying the stock, and selling short bonds (borrowing).

答案

D

解析

The payoff from buying a call option is the same as that of selling short bonds, buying the stock, and buying a put. You can see that by using put-call parity:「huixue_img/importSubject/1564169526738817024.png」