For a European call option and a European put option on the same stock, with the same strike price and time to maturity, which of the following is true?
A) Before expiration, only in-the-money options can have positive time premium.
B) If you have a long position in the call, you can replicate that position by longing some stocks and shorting on certain amount of risk-free bond.
C) Since both the call and the put are risky assets, the risk-free interest rate cannot affect the premiums of call or put.
D) The buyer of the call option receives the same premium as the writer of the put option.
E) When the call option is in-the-money and the put option is out-of-the-money, the stock price must be lower than the strike price.

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