To this end, assume the following set of baseline parameters: The initial stock price $($S$0)$ is $35,$ the stock vola$-$tility is $0\mathrm{.}40(40\%$ per annum$),$ and the risk$-$free rate is $0\mathrm{.}01(1\%$ per annum$).$ Consider a European put option whose strike price is equal to $35,$ with a time$-$to$-$maturity of one year. The dividend yield is $0\mathrm{.}03(3\%$ per annum$).$ Use the Black$-$Scholes $(1973)$ formula to calculate the value of the option. Use put$-$call parity to cal$-$culate the value of the $$equivalent$$ call option $($same underlying, strike price, and maturity date$).$