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PDS Corp. has a call option and put option that both have a $55 strike price and expire 45 days from now. The call has

PDS Corp. has a call option and put option that both have a $55 strike price and expire 45 days from now. The call has a price of $5 and the put has a price of $5.50. The stock price is $53.25. Assume the continuously compounded risk-free interest rate is 4%. Does the put-call parity relationship hold? If not, what would need to happen for put-call parity to hold?

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