Calculate the value of an 8-month European put option on a currency with a strike price of
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Calculate the value of an 8-month European put option on a currency with a strike price of 0.50. The current exchange rate is 0.52, the volatility of the exchange rate is 12%, the domestic risk-free interest rate is 4% per annum, and the foreign risk-free interest rate is 8% per annum.
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