Short Answer
Consider a European put option on an index. The index level is 1000, the strike price is 1050, the time to maturity is six months, the risk-free rate is 4% per annum, and the dividend yield on the index is 2% per annum. What is a lower bound to the option price? Give two decimal places.) _ _ _ _ _ _
Correct Answer:

Verified
Correct Answer:
Verified
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