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A European put option has a strike price of $28 and the underlying stock price is $24/share with no future dividend payout. The applicable risk-free

A European put option has a strike price of $28 and the underlying stock price is $24/share with no future dividend payout. The applicable risk-free rate for the maturity of this option is 5%. The upper and lower bounds for this European put option are

A.

24 and 0.
B.

24 and 2.67.
C.

26.67 and 2.67.
D.

28 and 0

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