Suppose P Is the Current Price of a European Put $\le$

Multiple Choice

Suppose p is the current price of a European put and p_A is that for an American put,where the two options have identical terms and conditions and differ only in terms of the early exercise feature.If B = $0.96 is today's price of a zero-coupon bond that matures on the option's expiration date and K = $50 is the strike price,then the following statement is correct:

A) p $\le$ $50 and p_A $\le$ 48
B) p $\ge$ $24 and p_A $\le$ 25
C) p $\le$ $48 and p_A $\le$ 50
D) p $\le$ $48 and p_A $\ge$ 48
E) None of these answers are correct.