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3. [1 point] Conner is considering a European call option on a non-dividend paying stock with a strike price of $30. The stock is currently

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3. [1 point] Conner is considering a European call option on a non-dividend paying stock with a strike price of $30. The stock is currently valued at $32. If the option expires in 9 months and the risk-free rate is 4% per annum, what is the lower bound on the call option

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