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3. According to put-call parity, you can perfectly hedge turn into cash) a long position in a stock by: a) Selling a call and buying

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3. According to put-call parity, you can perfectly hedge turn into cash) a long position in a stock by: a) Selling a call and buying a put with the same strike price. b) Selling a call and selling a put with the same strike price. Buying a call and buying a put with the same strike price. Buying a call and selling a put with the same strike price. None of the above is correct

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