You are given the following:

• The current price to buy one share of XYZ stock is 500.

• The stock does not pay dividends.

• The annual risk-free interest rate, compounded continuously, is 6%.

• A European call option on one share of XYZ stock with a strike price of K that expires in one year costs 66.59.

• A European put option on one share of XYZ stock with a strike price of K that expires in one year costs 18.64.

Using put-call parity, calculate the strike price, K.

(A) 449

(B) 452

(C) 480

(D) 559

(E) 582