Jafee Corp. common stock is priced at $36.50 per share. The company just paid its $0.50 quarterly dividend. Interest rates are 6.0%. A $35.00 strike European call, maturing in 6 months, sells for $3.20. What is the price P of a 6-month, $35.00 strike put option?
(a) 0 = P
(b) $1.25 = P
(c) $1.45 = P
(d) $1.55 = P
(e) $1.66 = P