Fullstock Inc.'s stock price S is $80. European Options on FullStock have a strike price K = $60, a maturity T = 180 days (assume 360 day year), risk-free interest rate r= 4% per year, and volatility 0 = 15% per year. The company's dividend yield is 3%.

1. Compute the price of a call option using the Black-Scholes-Merton model.
2. Compute the price of a put option using put call parity.