The cost of carry model to replicate the payoff of a long position in a futures contract involves

Select one:

a. Selling the underlying asset and borrowing an amount equal to the current price of the asset

b. Buying the underlying asset and borrowing an amount equal to the current price of the asset

c. Selling the underlying asset and lending an amount equal to the current price of the asset

d. Buying the underlying asset and lending an amount equal to the current price of the asset