12.4 Extension of Chapter 7 Results (Equations 12.1 to 12.3) Lower Bound for calls Xe Lower Bound for puts p≥e"-So oe 9? Put Call Parity C+Xe=p+se9? Options, Futures, and Other Derivatives, 4th edition@ 2000 by John C. Hull Tang Yincai, C 2003, Shanghai Normal UniversityOptions, Futures, and Other Derivatives, 4th edition © 2000 by John C. Hull Tang Yincai, © 2003, Shanghai Normal University 12.4 Extension of Chapter 7 Results (Equations 12.1 to 12.3) 0 qT rT c S e Xe − −  − Lower Bound for calls: Lower Bound for puts 0 rT qT p Xe S e − −  − Put Call Parity 0 rT qT c Xe p S e − − + = +