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American options are available for a non-dividend paying stock. The price of the American put with strike price of $125 is $6. The American put

American options are available for a non-dividend paying stock. The price of the American put with strike price of $125 is $6. The American put will expire in 1 year. The current stock price is $120. The risk-free interest rate is 5% per annum with continuous compounding. What is the upper and lower bounds for the price of American call with the same strike price and same expiration date? (Hint: use put-call parity for American options)

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