5. You are working for an insurance company in Mumbai, India where the continuously compounded risk free rate of interest is 8%. You wish to buy 100 6-month forward contracts on Tata Motors but there is no forward or futures trading in India. Tata shares have a spot price of 150 Indian rupees and Tata pays a continuous dividend of 4%. What position would you take today in risk-free Indian government bonds and Tata shares to synthetically achieve your goal? b) Long 147 in bonds, Short 102 shares d) Long 14,703 in bonds, Short 98 shares a) Short 147 in bonds, Long 98 shares c) Short 15,303 in bonds, Long 102 shares e) Short 14,703 in bonds, Long 98 shares 5. You are working for an insurance company in Mumbai, India where the continuously compounded risk free rate of interest is 8%. You wish to buy 100 6-month forward contracts on Tata Motors but there is no forward or futures trading in India. Tata shares have a spot price of 150 Indian rupees and Tata pays a continuous dividend of 4%. What position would you take today in risk-free Indian government bonds and Tata shares to synthetically achieve your goal? b) Long 147 in bonds, Short 102 shares d) Long 14,703 in bonds, Short 98 shares a) Short 147 in bonds, Long 98 shares c) Short 15,303 in bonds, Long 102 shares e) Short 14,703 in bonds, Long 98 shares