93. A description least likely to explain put-call parity is:
A. A fiduciary call option strategy and a protective put option strategy for an
underlying asset are equal in value.
B. A put is equivalent to a long call, a long position in the underlying asset, and a
long position in the risk-free asset.
C. A call is equivalent to a long put, a long position in the underlying asset, and a
short position in the risk-free asset.
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