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Consider a European call option with a strike price of 21 dollars on an underlying asset valued at 23 dollars today. Assume a time to

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Consider a European call option with a strike price of 21 dollars on an underlying asset valued at 23 dollars today. Assume a time to expiration of 6 months and a constant annual interest rate of 3%. According to arbitrage bounds on option prices, the premium on this option should be no less than (give lower bound). 18.69 0 2.00 1.97 O 2.31

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