Consider the payoff from investing in a risk-free, zero coupon bond (with maturity value of $50) and in a call option with a $50 exercise price. What will be the total payoff if the value of the underlying stock is $40 at the expiration date? $60 $50 O O O O $90 $40 Question 8 3 pts Which of the following strategies has the same payoffs as the strategy of buying a put and buying the underlying stock? Assume all options have the same exercise price and that the face value of any bonds matches that exercise price. buying a call and buying a risk-free zero coupon bond. selling a put and buying a risky zero coupon bond. buying a call and buying a put. selling a call and selling a put Question 9 3 pts Why is there a positive relationship between interest rates and the value of a call option? As interest rates rise, the stock price falls making the call option more valuable. Since the exercise price is paid later by the call buyer, the delayed payment is more valuable when interest rates are high Since the exercise price is paid later by the call buyer, delayed payment is more valuable when interest rates are low. As interest rates rise, the stock price rises making the call option more valuable