What to the nearest cent) is the lower bound for the price of a two-year European call option on a stock when the stock price is $20, the strike price is $15, and the risk-free interest rate with continuous compounding is 5% per annum and there are no dividends? _ _ _ _ _ _

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The Answer of What to the nearest cent) is the lower bound for the price of a two-year European call option on a stock when the stock price is $20, the strike price is $15, and the risk-free interest rate with continuous compounding is 5% per annum and there are no dividends? _ _ _ _ _ _

What to the Nearest Cent) Is the Lower Bound for the Price