A European call and a European put on a stock have the same strike price ($20) and time to maturity (1-year). The risk-free interest rate is 5% per annum, continuously compounded. At 10:00:00am on a certain day, the price of the call is $3 and the price of the put is $4. At 10:00:01am some news reaches the market that has no effect on the stock price or interest rates, but increases volatilities of the stock price. As a result, the price of the call changes to $4.50. Which of the following is correct? Group of answer choices The put price decreases to $2.50 The put price increases to $5.50 The put price decreases to $3.50 It is possible that there is no effect on the put price The put price increases to $6.00