The price of an American call on a non-dividend paying stock is $2. The stock price is $15.50, the strike price is $15, the expiration date is in 6 months, and the risk free interest rate is 4% continuously compounded. Which of the following is correct, regarding the option premium of an American put on the stock with a strike price of $15 and an expiration date in 6 months? a. The upper bound for the price of the American put is $14.70 and the lower bound is $0 b. The lower bound for the price of the American put is 0 and the upper bound is $1.50 c. The lower bound for the price of the American put is $1.20 and the upper bound is $1.50