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show work 3. [1 point] Suppose Ret is considering a European call option on a non-dividend paying stock when the stock price is $45.50. The

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3. [1 point] Suppose Ret is considering a European call option on a non-dividend paying stock when the stock price is $45.50. The strike price is $43. If the option expires in 6 months and the risk-free rate is 5% per annum, what is the lower bound on the call option

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