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Consider a four-month European call option on a non-dividend-paying stock when the stock price is $65, the strike price is $60, and the risk-free interest
"Consider a four-month European call option on a non-dividend-paying stock when the stock price is $65, the strike price is $60, and the risk-free interest rate is 12% per annum.What is the lower bound for the price of this European call option? (Enter your answer in 2 decimals without $ sign)
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