Consider a two-year European call option and a one-year European put option on the same stock, both with a strike price of $110. If the risk-free rate is 4% (continuously compounded), the current stock price is $105, and the put sells for $8.50, what should be the price of the call?

Select one:

A.

$7.81

B.

$20.02

C.

$11.96

D.

$14.77

E.

It cannot be determined with the information provided