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3. A financial derivative on a share whose current price is 110 is issued by an investment bank. At expiry in 3 months' time, the

3. A financial derivative on a share whose current price is 110 is issued by an investment bank. At expiry in 3 months' time, the derivative will pay /(S) where S is the price of the stock and S(S) - log(s - 100) if S > 100 if S 100 if S

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