Identify whether each statement is TRUE or FALSE:

a. Buying a tailed number of units of an Index and shorting the corresponding Forward Contract creates a synthetic bond.

b. A transaction where you buy a tailed number of units of an Index and short the corresponding Forward contract is called cash and carry.

c. The implied interest rate in a transaction where you short a tailed number of units of an index and purchase the corresponding Forward contract is the implied repo rate.

d. An out of the money put option with t > 0 days until expiration has time value > 0 and Intrinsic value = 0.

e. , the weight associated with K1 when arbitraging a convexity violation is, (K3 K2) / (K3 K1)