$1$

Multiple Choice

$1$ point

There is a call in the market with strike price $$25$ and time to expiration of $1$ month. The risk free rate is $4\%.$ If the non$-$dividend paying underlying stock is priced at $$29,$ what is a lower bound on the call price?

$$3\mathrm{.}92$

$$4\mathrm{.}12$

$$5\mathrm{.}03$

$$4\mathrm{.}08$