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Consider a 0.25-year European call option with a strike price of $100 on a non-dividend-paying stock when the spot price is $111 and the risk

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Consider a 0.25-year European call option with a strike price of $100 on a non-dividend-paying stock when the spot price is $111 and the risk free rate of interest is 13%. Calculate the lower bound for the price of this call option

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