Answer the following questions by choosing from the following options: stock price; stock price - exercise price;
Question:
a. Which is the lower bound to the price of a call option?
b. Which is the upper bound?
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Step by Step Answer:
a The option price cannot fall below iii the greater of zero or stock price e...View the full answer
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Related Book For 
Fundamentals of Corporate Finance
ISBN: 978-1259722615
9th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
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