The current exchange rate between AUD (Australian dollar) and USD is $0.78 per AUD. The risk free interest rates are 1% for USD and 3% for AUD (per year with continuous compounding). The price of a 1-year American call option on AUD with strike price 0.75 is C. The price of an American put option with the same maturity and strike price is P. Find the interval that C-P must be in to avoid arbitrage. Q1.1 1 Point What's the lower bound of the interval? Keep 4 digits after the decimal point. Do not include $ sign. Enter your answer here Save Answer Q1.2 1 Point What's the upper bound of the interval? Keep 4 digits after the decimal point. Do not include $ sign. Enter your answer here The current exchange rate between AUD (Australian dollar) and USD is $0.78 per AUD. The risk free interest rates are 1% for USD and 3% for AUD (per year with continuous compounding). The price of a 1-year American call option on AUD with strike price 0.75 is C. The price of an American put option with the same maturity and strike price is P. Find the interval that C-P must be in to avoid arbitrage. Q1.1 1 Point What's the lower bound of the interval? Keep 4 digits after the decimal point. Do not include $ sign. Enter your answer here Save Answer Q1.2 1 Point What's the upper bound of the interval? Keep 4 digits after the decimal point. Do not include $ sign. Enter your answer here