Use the Put-Call Parity Relationship to show that the cash flows (or profit di- agrams) in one years time of a protective put (long on a stock plus long on a put) and a call+bills portfolio (long position on a call and a T-Bill) are identical. Suppose that it is known know that the strike price of both options is $100, the risk-free rate is 5%, you buy the stock at $95, and the price of the put is $14.