A certain Call option and Put option for Walker Industries stock both have an exercise (strike) price of $35.00. The Call premium (price) is $3.21 and the Put premium (price) is $5.32. Assume the stock pays NO dividends, and that the risk-free rate is 4%. Both options expire in 41 days. 1. Using the put/call parity model, calculate the current stock price (S). (Show all work. Highlight in bold your answer.) [4 pts.] 2. Based upon your answer above for the stock price, which option (the Put or the Call) is in-the-money? Briefly explain your answer.