(Mark Value = 3) 6. You are giving the following: - The current price to buy one share of XYZ stock is 400. - The stock

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(Mark Value = 3)
6. You are giving the following:
- The current price to buy one share of XYZ stock is 400.
- The stock does not pay dividends.
- The continuously compounded risk-free interest rate is 6%.
- A European call option on one share of XYZ stock with a strike
price of K that expires in one year costs 26.59.
- A European put option on one share of XYZ stock with a strike
price of K that expires in one year costs 58.64.
Using put-call parity, calculate the strike price, K.
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