Ven Corp. wants to invest its cash surplus of $1 million in a term deposit for a period of 6 months. The best term deposit rate that it could find is 5.5% per year, continuously compounded. The company's treasurer has asked you to explore the possibility of creating a synthetic lending transaction by a portfolio of options and stocks.You observed the following information:

Security Price

6-month European call whose exercise price = $32$2.10

6-month European put whose exercise price = $32$2.92

The underlying (non-dividend-paying) stock $30

Based on the above observations, will Ven Corp. be better off with the term deposit or the synthetic lending?If the synthetic lending is better, please also show how it can be created