What are the minimum values of an American-style and aEuropean-style 3-month call option with a strike price of $80 on anon-dividend-paying stock trading at $86 if the risk-free rate is 3%?
  American  European
  a. $6.00     $6.00
  b.  $6.00     $5.96
  c. $6.59     $6.00
  d.  $6.59     $6.59

 
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