Assume the Black-Scholes framework. For a nondividend-paying stock, you are given: i) The current stock price is 100 . ii) The stock' s volatility is 25%. iii) The continuously compounded risk-free rate is 4%. Consider a 100-strike European put option on the stock expiring in 2 years. Suppose that you have just purchased 20 units of such put options and you immediately delta-hedge your position by buying and selling stocks and risk-free bonds. Which of the following is true? Possible Answers You should sell stocks for 687 and buy bonds for 887 . You should buy stocks for 687 and sell bonds for 887 . You should sell stocks for 687 and sell bonds for 887. You should buy stocks for 687 and buy bonds for 887 . None of the above is true