Which of the following are reasons why an investor would engage in a synthetic short position? 1. The position can be established without an uptick in the underlying asset price 2. Their is a scarcity of shares of the underlying asset available to borrow 3. Dividends on the borrowed shares would become due 4. The cost of closing the position is lower if the price of the underlying asset rises A. All B. 2,3 C. 1,2,3 D. 2,3,4