Suppose an investor buys a forward contract on oil with a forward settle price of $80 and buys a put option with an exercise price of $80 that matures after the settlement date of the forward. Which ONE of the following statements is FALSE. When the forward is settled, the oil price is $65, and the positive payoff from exercising the put option just offsets the loss from the forward contract. (Tick here if you think that none of the statements is false.) When the forward is settled, the oil price is $80, and the investor gets a zero payoff and loses the option premium. When the forward is settled, the oil price is $85, and the investor's net profit equals $5 minus the option premium. The payoff profile of the forward contract and put option combined looks like the payoff profile for the seller of a call option with an exercise of $80.