Calculate the put premium according to put$-$call parity which gives no arbitrage opportunity. Explain what transaction would you do if the put premium is below$/$above the put premium you calculated.

European call option premium: c $=$ $$2$

Stock price today: S$0=$ $$30$

Life of option: T$=0\mathrm{.}5$

Risk$-$free rate for maturity T with continuous compounding: r$=8\%$

Strike price: K$=$ Decide on the K value yourself.

No dividends paid during life of option.