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A European call option with exercise price of $5.00 currently has a premium of $0.40. Another European call option on the same non-dividend paying stock,

A European call option with exercise price of $5.00 currently has a premium of $0.40. Another European call option on the same non-dividend paying stock, with the same expiry date but with an exercise price of $5.25 must have a premium of less than $0.15.

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