Based on the put-call parity relationship, you want to make an arbitrage profit by selling a call, buying a put, and taking a levered equity position. Answer the following two questions. Stock price = $110 Call price (six-month maturity with a strike price of $105) = $14 Put price (six-month maturity with a strike price of $105) = $5 Risk-free interest rate (continuously compounded) = 5% 16. Following the strategy described above, you need to borrow ________. a) $95.12 b) $100.64 c) $102.41 d) $109.73