Problem 10 A stock index futures price is currently $3100, the dividend yield on the index is 2% per year, and the risk-free interest rate is 4% per year for all maturities. The maturity of the futures contract is 1 year. What is a lower bound for the price of a 6-month European put option on the index futures when the strike price is $3300? What is a lower bound for the price of a 6-month European put option on the index spot price when the strike price is $3300? Problem 10 A stock index futures price is currently $3100, the dividend yield on the index is 2% per year, and the risk-free interest rate is 4% per year for all maturities. The maturity of the futures contract is 1 year. What is a lower bound for the price of a 6-month European put option on the index futures when the strike price is $3300? What is a lower bound for the price of a 6-month European put option on the index spot price when the strike price is $3300