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 $=$ $$3$

Stockpricetoday: S$0=$ $$31$

Life of option: T$=0\mathrm{.}25$

Risk$-$free rate for maturity T with continuous compounding: r$=10\%$

Strike price: K$=$ $$30.$

No dividends paid during life of option

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