Lower Bound for European P8.8 Prices: No dividends (Equation 8.2, page 174) P≥KeT 0 Options, Futures, and other Derivatives, 5th edition 2002 by John C. HullOptions, Futures, and Other Derivatives, 5th edition © 2002 by John C. Hull 8.8 Lower Bound for European Put Prices; No Dividends (Equation 8.2, page 174) p  Ke-rT–S0