Currently, company ABC's stock is selling at 50.81 per share, its 1-month put option is selling at 4.45 per put with strike price 50.50. If the annual risk-free rate is 2.61%, what would be the price for the 1-month call option with the same strike price?

Hint:

• Use the put-call parity formula to derive the call price.
• In the formula, T is always expressed in units of years. So you need to convert the # of months into # of years.