The common stock of the Avalon Corporation has been trading in a narrow range around $$40$ per share for months, and you believe it is going to stay in that range for the next $3$ months. The price of a $3-$month put option with an exercise price of $$40$ is $$3,$ and a call with the same expiration date and exercise price sells for $$4.$

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?

A$.$

Buy the call, sell the put; lend the present value of $$40.$

B$.$

Sell the call, buy the put; lend the present value of $$40.$

C$.$

Buy the call, sell the put; borrow the present value of $$40.$

D$.$

Sell the call, buy the put; borrow the present value of $$40.$