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Given that: K =$20, 3,: $19. T=f2 years 0 = $1.50 . r = 10% per annum continuously compounded. Calculate the lower and upper bounds

Given that: K =$20, 3,: $19. T=f2 years 0 = $1.50 . r = 10% per annum continuously compounded. Calculate the lower and upper bounds for P, assuming that the stool: pays no dividends over the life of the options

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