please solve for C

3. Suppose that an investor holds a share of Sophia common stock, currently valued at $50. She is concerned that over the next few months the value of her holding might decline, and she would like to hedge that risk by supplementing her holding with one of three different derivative positions, all of which expire at the same point in the future: (1) A short position in a forward with a contract price of $50 (2) A long position in a put option with an exercise price of $50 and a front-end premium expense of $3.23 (3) A short position in a call option with an exercise price of $50 and a front-end premium receipt of $5.20 3. Suppose that an investor holds a share of Sophia common stock, currently valued at $50. She is concerned that over the next few months the value of her holding might decline, and she would like to hedge that risk by supplementing her holding with one of three different derivative positions, all of which expire at the same point in the future: (1) A short position in a forward with a contract price of $50 (2) A long position in a put option with an exercise price of $50 and a front-end premium expense of $3.23 (3) A short position in a call option with an exercise price of $50 and a front-end premium receipt of $5.20