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a nondividend paying stock is priced at $17.35 today. The current interest rate is 3.0% per annum. A 3month put option with an exercise price

a nondividend paying stock is priced at $17.35 today. The current interest rate is 3.0% per annum. A 3month put option with an exercise price of $20.00 is available. What is the lower bound of the price of this put option

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