3. You are given the following information about a stock and options on it:

A call option expiring in 6 months with strike $60 costs the same as a put optionexpiring in 6 months with strike $60

The stock pays a single dividend in 3 months of amount DThe continuous risk-free rate of interest is 8%.

If the initial stock price is $65, what is the amount of the dividend, D?

(A) $5.00 (B) $7.50 (C) $10.00 (D) $12.50(E) $15.00