You just have engaged in a trading strategy (called DUMBO COMBINATION) that requires going long a call and short a put. Both options are written on the same stock, have the same expiry of one year and the same strike. The call is currently $2 out-of-the-money. You know that the risk-free rate is 10% per annum continuously compounded and that the stock, which trades today for $50, is expected to declare a dividend in 8 months and go ex-dividend in exactly 5 months after the announcement of the dividend. When will you break even and when the strategy will be profitable if you hold on to it until the end of the year?