Find minimum value that premium of call options can take
IBM corporation is selling at $40.13 per share, and call options begin trading with many different strike prices and expiration dates. What is the minimum value that the premium of any of these call options can take?
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EPA studies of fuel consumption indicate compact car mileage to be normally distributed with a mean of 25.5 miles per gallon and a standard deviation of 5.0 mpg. What percentage of compact cars gets between 20 and 40 mpg?
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A bank quotes a rate of 5.89 percent with an effective annual rate of 6.05 percent. Does the bank use annual, quarterly, or monthly compounding?
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