the price of a European call option on a non-dividend-paying stock with a strike price of $50 is $6. The stock price is $51, the continuously compounded risk-free rate (all maturities) is 6% per annum and the time to maturity is one year. If the put option is quoted at a price of $3 in the market, how would you arbitrage? Group of answer choices

a. Buy the put, buy the stock, sell the call, and borrow cash to cover any cash shortfall.

b. Sell the put, short sell the stock, buy the call, and invest any cash surplus in a risk-free bond.

c. Sell the put, buy the stock, sell the call, and borrow cash to cover any cash shortfall.

d. Sell the put, short sell the stock, sell the call, and invest any cash surplus in a risk-free bond.