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An American call option has a strike price of 80. The risk-free rate is 7%. There are 6 months left to expiry. The present value

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An American call option has a strike price of 80. The risk-free rate is 7%. There are 6 months left to expiry. The present value of dividends over the 6 month period is D. Determine the lowest value of D such that exercising the option early could be rational

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