What is the upper bound for the price of a six-month European call option on a non-dividend-paying
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Question:
What is the upper bound for the price of a six-month European call option on a non-dividend-paying stock when the stock price is $50, the strike price is $45, and the risk-free interest rate is 5%CC?
A. $3.86
B. $6.11
C. $43.89
D. $45.00
E. $50.00
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