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Please show all explanations Question 1 (4 marks) Using put-call parity, describe the transactions that create: (a) A conversion (b) A reverse conversion (c) Risk-free

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Question 1 (4 marks) Using put-call parity, describe the transactions that create: (a) A conversion (b) A reverse conversion (c) Risk-free borrowing (d) Risk-free lending (1 mark] [1 mark] [1 mark] [1 mark]

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