Assume the Black-Scholes framework. Two actuaries, A and B, are computing the prices of a European call and a European put using different parameters.

You are given:

Describe the relationship between the call price computed by Actuary A and the put price computed by Actuary B.

Actuary A B Option Call Put Underlying Strike Dividend Stock Price Price Yield 5% 3% 190 200 200 190 Risk-free Stock Interest Rate Volatility 30% 30% 3% 5% Option Maturity 1