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A. Shepp} and \\textit{A. N. Shiryaev} [in: Probability theory and mathematical statistics. Lectures presented at the semester held in St. Petersburg, Russia, March 2--April 23, 1993. Amsterdam: Gordon and Breach Publishers. 209--218 (1996; Zbl 0867.90014)], the author [``Solving the dual Russian option problem by using change-of-measure arguments'', High Freq. 2, No. 2, 76--84, (2019; \\url{doi:10.1002/hf2.10030})]. The proof is based on the reduction of the original problems to the associated free boundary problems and the solution of the latter problems by means of the smooth-fit and normal-reflection conditions. It is shown that the optimal stopping boundaries are determined as the minimal solutions of certain first-order nonlinear ordinary differential equations. 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