You are researching a stock currently priced at $35 per share. Call options are currently priced at $3.00, and puts are priced at $2.00. You use Black-Scholes and put-call parity to determine that calls are fairly priced, but the puts should be priced at $1.00. What would be TRUE given this information? Group of answer choices:

a) the puts have higher implied volatility than the calls

b) there is insufficient information to determine

c) this is impossible due to put-call parity

d) you should short the calls and go long the puts

e) you should short the puts for a risk-less profit