Consider the data for IBM options in Problem 3 Suppose a new American style put option on IBM is issued with a strike price of $155 and an expiration date of November 1st a What is the maximum possible price for this option b What is the minimum possible price for this option

Question: Consider the data for IBM options in Problem 3. Suppose a new American-style put option on IBM is issued with a strike price of $155

Consider the data for IBM options in Problem 3. Suppose a new American-style put option on IBM is issued with a of $155 and an expiration date of November 1st.
a. What is the maximum possible price for this option?
b. What is the minimum possible price for this option?

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