Question: A put option premium has a lower bound that is equal to the greater of zero and the difference between the underlying ____ prices. The

A put option premium has a lower bound that is equal to the greater of zero and the difference between the underlying ____ prices. The upper bound of a call option premium is the ____ price. a. spot and exercise; exercise b. spot and exercise; spot c. exercise and spot; exercise d. exercise and spot; spot

and explain why please

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