TALE : LATE :: ? : CAFE

The correct answer is $\boxed{\text{FACE}}$.

In the given analogy, the first word is formed by rearranging the letters of the second word, with the first and third letters swapped. Therefore, the answer word must be formed by rearranging the letters of the word “CAFE”, with the first and third letters swapped. The only option that satisfies this condition is $\text{FACE}$.

The other options are incorrect because they do not satisfy the given condition. For example, the word $\text{CAEF}$ is formed by rearranging the letters of the word “CAFE”, but the first and third letters are not swapped.