Question: Today is October 3 1 , 2 0 XX . The shares of ARC Resources Ltd . are currently trading at $ 2 4 .

Today is October 31,20XX. The shares of ARC Resources Ltd. are currently trading at $24.25 per share. One of the call options traded on ARC shares is 20XX November 25 with a bid price of $0.20 and an ask price of $0.25. What are the upper and lower bounds for this ARC call?
Multiple Choice
$24.25; -$0.75
$0.75; $0
$24.25; $0
$0,-$0.75
$24.25; $0.75

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