You are given:

$($i$)$ The price of a stock is $95\mathrm{.}00.$

$($ii$)$ The continuously compounded risk$-$free rate is $6\%.$

$($iii$)$ The stock pays quarterly dividends of $0\mathrm{.}80,$ with the next dividend payable in $1$ month.

You wish to create this stock synthetically, using $1-$year European call and put options with strike price $K,$ and lending $96\mathrm{.}35.$