DEF Ltd. is a large corporation that trades on the New York stock exchange. Its shares are currently selling for $7.50 per share. An investor has $20,000 to invest and is completely confident that the shares of DEF will trade 50% higher sometime in the next year. a. Which of the following strategies is most likely to provide the investor with the greatest leverage if the shares trade higher? Invest the entire $20,000 in 1-year out-of-the-money call options Invest the entire $20,000 in the common shares of DEF Invest $19,000 in 1-year treasury bills and $1,000 in 12-month call options Invest $10,000 in 1-year call options and $10,000 in 1-year put options, with the same exercise price b. Which of the following strategies is the riskiest for the same investor? Invest $10,000 in 1-year call options and $10,000 in 1-year out options, with the same exercise prices Invest $19,000 in 1-year treasury bills and $1,000 in 12-month call options Invest the entire $20,000 in 1-year out-of-the-money call options Invest the entire $20,000 in the common shares of DEF