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Buying a call option, investing the present value of the exercise price in T-bills, and short-selling the underlying share is the same as buying a

Buying a call option, investing the present value of the exercise price in T-bills, and short-selling the underlying share is the same as

  1. buying a put and a share.
  2. buying a call and a put.
  3. buying a put.
  4. selling a call.

Explain thoroughly.

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