ou are exploring options with strike price of $360 on a stock that is currently trading for $340. The risk free rate is 3% and the options you are considering are for a 3-month horizon.

For a European Call option, the premium must be at least ___ and no more than ___.

For an American Call option, the premium must be at least ___ and no more than ___.

For a European Put option, the premium must be at least ___ and no more than ___.

For an American Put option, the premium must be at least and no more than .