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2. Derive the valuation formula for a cash-or-nothing digital call option struck at K and maturing at T Vr = 18p>K under the Black-Scholes model.

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2. Derive the valuation formula for a cash-or-nothing digital call option struck at K and maturing at T Vr = 18p>K under the Black-Scholes model. Proceed to derive its (a) delta (b) vega

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