A four-month European call option on a dividend-paying stock has a strike price of $60. The stock price is $64 and a dividend of $0.80 is expected in one month. The continuously compounded risk-free interest rate is 12%. Find a lower bound for the price of the call. A four-month European call option on a dividend-paying stock has a strike price of $60. The stock price is $64 and a dividend of $0.80 is expected in one month. The continuously compounded risk-free interest rate is 12%. Find a lower bound for the price of the call