$(3$ points$)$ Your company wants to invest its cash surplus of $$1m.$ in a GIC $($i$.$e$.,$ certificate of deposit$)$ for a period of $6$ months. The best GIC rate that it could find is $5\mathrm{.}5\%$ p$.$a$.$ semi$-$annual compounding. The treasurer of your company has asked you to explore the possibility of creating a synthetic lending transaction by a portfolio of options and stocks. You observed the following information:

Security

$6-$month European call whose exercise price $=$$$32$

$6-$month European put whose exercise price $=$$$32$ the underlying $($non$-$dividend$-$paying$)$ stock

Price ${?}_{(})$

$$2\mathrm{.}10$

$$2\mathrm{.}92$

$$30$

Based on the above observations, will your company be better off with the GIC or the synthetic lending? If the synthetic lending is better, please also provide the details of how it can be created in order to lend $$1m.$