A derivatives trader wants to price a European-style call option on a stock with a strike price of USD 25.00 and a time to maturity of 6 months. The trader observes that the price of a 6-month European-style put option on the same underlying with a USD 25.00 strike price is USD 3.00. The stock price is USD 26.00. A special one-time dividend of USD 1.00 is expected in 3 months. The continuously compounded risk-free rate for all maturities is 5% per year. Which of the following is closest to the no-arbitrage value of the call option?