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The price of a stock, which pays no dividends, is $30 and the strike price of a one year European call option on the stock

The price of a stock, which pays no dividends, is $30 and the strike price of a one year European call option on the stock is $25. The risk-free rate is 4% (continuously compounded). Which of the following is a lower bound for the option? a. $5.00 b. $5.98 c. $4.98 d. $3.98

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