Question: 1 0 . 3 . What is a lower bound for the price of a 1 - month European put option on a nondividend -

10.3. What is a lower bound for the price of a 1-month European put option on a nondividend-paying stock when the stock price is $12, the strike price is $15, and the riskfree interest rate is 6% per annum?
 10.3. What is a lower bound for the price of a

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