In early April 2022, Cochlear is trading at $122.69. The $125 call option that expires in 315 days is trading at a premium of $13.91 and the put option of the same series is trading at $10.13. These prices seem odd to you and you suspect that an arbitrage opportunity exists. You note the continuously compounded risk free rate is 2.5618%. What trade do you place and what is your expected profit from this trade?

a Buy the synthetic put and sell the put in the market for a profit of $3.44

b Buy the synthetic call and sell the call in the market for a profit of $3.44

c Buy the call and sell the synthetic put in the market for a profit of $3.42

d Buy the put and sell the synthetic put in the market for a profit of $3.42.