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The price of an American call on a non - dividend - paying stock is $ 5 . The stock price is $ 2 5

The price of an American call on a non-dividend-paying stock is $5. The stock price is $25, the strike price is $40, and the expiration date is in 5 months. The risk-free interest rate is 10%. Derive upper and lower bounds for the price of an American put on the same stock with the same strike price and expiration date

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