Consider a non-dividend paying stock whose price is $46. Consider American call and put options on this stock with time to maturity of 1 year. Both options have a strike price of $50. If the call price is $3 and the interest rate is 7% per annum continuously compounded, which of the following put option prices is consistent with the American put-call parity and the price bounds on American put options? Select one: a. $3.18 O b. $5.06 O c. $1.52 d. $7.24 e. $0.88 Notes +