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10. Suppose the current exchange rate is $1.78/, the interest rate in the United States is 5.24%, the interest rate in the United Kingdom is

10. Suppose the current exchange rate is $1.78/, the interest rate in the United States is 5.24%, the interest rate in the United Kingdom is 3.78%, and the volatility of the $1 exchange rate is 9.3%. Use the Black-Scholes formula to determine the price of a six-month European call option on the British pound with a strike price of $1.78/

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