【每日一题】CFA一级衍生品

A description that will least likely be used toexplain put-call parity is:

A.The prices of calls and puts on an underlyingasset must be consistent with each other to remove arbitrage opportunities.

B.A fiduciary call option strategy and a protectiveput option strategy for an underlying asset are equal in value.

C.A put is equivalent to long a call, a longposition in the underlying asset, and a long position in the risk-free asset.

Solution: C

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