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What is the upper bound for the price of a 7-month European call option on a nondividend-paying stock when the stock price is $44.02, the
What is the upper bound for the price of a 7-month European call option on a nondividend-paying stock when the stock price is $44.02, the strike price is $39, the risk-free interest rate is 1.3% per annum.
Report your answer in dollars and cents.
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