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Barcelona holds a portfolio that includes: a long call with a k exercise price, a short position on a stock with a price of So,

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Barcelona holds a portfolio that includes: a long call with a k exercise price, a short position on a stock with a price of So, and a long position on risk-free bonds with face value of K. Bonds and call mature on the same date. Barcelona wants to assess the value of the portfolio. You tell Barcelona that the portfolio is worth, OC+P-K(1 + ry:) OC -5o+K(1 + r)-T) OC+ So-K(1) OP-K

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