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10. What is the lower bound for the price of a 6 month American put option on a stock when the stock price is $15,

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What is the lower bound for the price of a 6 month American put option on a stock when the stock price is $15, the strike price is $20. the continuously compounded risk- free interest rate is 5% and a dividend of $1 is expected in 1 month and in 4 months? a $5.00 Ob. $6.49 c. $6.65

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