et, what can you do to re-create or replicate the payoffs to a put on a stock?

Extracted text: et, what can you do to re-create or replicate the payoffs to a put on a stock?


Extracted text: If a Put with strike X cannot be purchased in the market, what can you do to re-create or Buy a call, buy a stock and short X/(1+r) t-bills Buy a call, buy a stock and buy X/(1+r)' t-bills Buy a call, short a stock and short X/(1+r) t-bills O Short a call, short a stock and buy X/(1+r)' t-bills Buy a call, short a stock and buy X/(1+r)' t-bills Short a call, buy a stock and short X/(1+r)' t-bills Short a call, buy a stock and buy X/(1+r)' t-bills Short a call, short a stock and short X/(1+r)' t-bills