Question $7$

$10$ pts

What is a lower bound for the price of a $2-$month European put option on a non$-$dividend$-$paying stock when the price is $$58,$ the strike price is $$65,$ and the risk$-$free interest rate is $5\%$ per annum?

$$7\mathrm{.}00$

$$0\mathrm{.}00$

$$7\mathrm{.}27$

$$6\mathrm{.}46$