Question: The put-call parity condition is altered when dividends are paid. The dividend adjusted put-call parity formula is: S e-dt + P = E

The put-call parity condition is altered when dividends are paid. The dividend adjusted put-call parity formula is:
S × e-dt + P = E × e-Rt + C
Where d is again the continuously compounded dividend yield.
a. What effect do you think the dividend yield will have on the price of a put option? Explain.
b. From the previous question, what is the price of a put option with the same strike price and time to expiration as the call option?

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