(14.17) EXERCISE: In the context of the Black-Scholes-Merton model, outline the steps in the construction of a replicating strategy for the call K (T,(ST-K)+), for a fixed strike K > 0. O European (14.17) EXERCISE: In the context of the Black-Scholes-Merton model, outline the steps in the construction of a replicating strategy for the call K (T,(ST-K)+), for a fixed strike K > 0. O European