From American put-call parity, what are the minimum and maximum values that the sum of the stock price and December 110 put price can be? The following quotes were observed for options on a given stock on November 1 of a given year. These are American calls except where indicated. Use the information to answer these questions Calls Puts Strike Nov Dec Jan Nov Dec Jan 105 8.40 10 11.50 5.30 1.30 2.00 110 4.40 7.10 8.30 0.90 2.50 3.80 115 1.50 3.90 5.30 2.80 4.80 4.80 The stock price was 113.25. The risk-free rates were 7.30 percent (November), 7.50 percent (December) and 7.62 percent (January), The times to expiration were 0.0384 (November), 0.1342 (December), and 0.211 (January). Assume no dividends unless indicated