You hold the following portfolio: a long position in a European call option on gold with a strike of $975 per oz, a short position in a European put option on gold with a strike of $975 per oz, and a short forward position in gold with a delivery price of $1,000 per oz. All three contracts expire in one month. The value of your position is
A) Positive.
B) Negative.
C) Zero.
D) Can be positive, negative, or zero.
Correct Answer:
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