European call option and put option on IBM stock have the same strike price and same time to maturity. Now, the price of the call is $3.35 and the price of the put is $0.85. One minitues later, news reaches the market increases volatilities (no effect on the stock price or interest rates). As a result the price of the call changes to $3.50. What's the price of put should be? Please provide reason in detail.