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10 Joes buys a 3-month European call for a premium of $5.03. At a spot price at expiration fit is -$2.11. The risk-free interest rate

10 Joes buys a 3-month European call for a premium of $5.03. At a spot price at expiration fit is -$2.11. The risk-free interest rate is 6%. Per annum compounded quarterly. The strike price of the call is X. Determine X

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