14. The relationship between the call option price, the put option price, and the price of the underlying asset is knows as:

A)Risk/return relationship.

B)Put-call parity relationship.

C)Binomial relationship.

D)Arbitrage relationship.

None of the above.

22. A put option can be used to hedge against:

A) An increase in the price of the underlying instrument.

B) A decrease in the price of the underlying instrument.

C) A decrease in interest rates.

D) All of the above.

E)None of the above.