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QUESTION 1 What is a lower bound for the price of a four-month call option on a non-dividend-paying stock when the stock price is $47,

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QUESTION 1 What is a lower bound for the price of a four-month call option on a non-dividend-paying stock when the stock price is $47, the strike price is $45, and the risk-free interest rate is 6,5% per annum? (Please round your final answer to two decimal places)

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