QUESTION $10$

If the European put option price is less than Max$[K{e}^{-rT}-s_0,0],$ then there is an arbitrage opportunity. The arbitrage strategy is:

Form a Zero dollar investment portfolio $($ignoring margin and transaction cost$)$ with a$)$long put b$)$long stock and c$)$risk$-$free investment

Form a Zero dollar investment portfolio $($ignoring margin and transaction cost$)$ with a$)$short put b$)$long stock and c$)$risk$-$free investment

Form a Zero dollar investment portfolio $($ignoring margin and transaction cost$)$ with a$)$long put b$)$long stock and c$)$risk$-$free borrowing

Form a Zero dollar investment portfolio $($ignoring margin and transaction cost$)$ with a$)$short put b$)$short stock and c$)$risk$-$free investment