Bound price of five-month european put option

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The price of a non-dividend paying stock is $25 and the price of a five-month European call option on the stock with a strike price of $27 is $1.5. The risk-free rate is 6.5% per annum with continuous compounding. What is the lowest bound price of a five-month European put option with a strike price of $27?

Reference no: EM132003330

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