Suppose that the current price of a non-dividend paying stock is $42. A one-year European put option and a one-year European call option on the stock with a strike price of $44 are both quoted at $3. The risk-free rate is 6% with continuous compounding. Which of the following best describes the actions required to take advantage of the available arbitrage opportunity?

A) Short a call and borrow to buy a put and buy the stock.

B) Short a call, buy a put, short sell the stock, and invest the remaining proceeds at the risk-free rate.

C) Short a call, short a put, and invest the remaining proceeds at the risk-free rate.

D) Borrow to buy a call and buy the stock, and short a put.

E) Buy a call, short a put, short sell the stock, and invest the remaining proceeds at the risk-free rate.