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The common stock of the Avalon Corporation has been trading in a narrow range around $40 per share for months, and you believe is going to say in that range for the next 3 months. The price of a 3 month put option with an exercise price of $40 is $3, and a call with t exercise price sells for $4. xation du d How can you create a position involving a put, a call, and riskless lending that would have the same payoff structure as the stock at expiration Multiple Choice Buy the call, sell the put; borrow the present value of $40. Sell the call, buy the put; lend the present value of $40. Buy the call, sell the put; lend the present value of $40. Sell the call, buy the put; borrow the present value of $40. O