A stock’s current price is 45. Dividends of 2 are payable quarterly, with the next dividend payable at the end of the first month. You are given:
(i) The continuously compounded risk-free interest rate is 6%.
(ii) A 3-month European put option with strike 50 costs 7.32.
Determine the premium of a 3-month European call option on the stock with strike 50.