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Lets say that a futures price is currently 45. The risk-free interest rate is 4% per annum. A three-month American futures call option with a

Lets say that a futures price is currently 45. The risk-free interest rate is 4% per annum. A three-month American futures call option with a strike price of 40 is worth 5. Calculate bounds for the price of a three-month American futures put option with a strike price of 40.

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