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Assume spot rate for Swiss Franc is $0.7500 and the three-month forward rate is $0.7120. What is the minimum price that a three-month American put

Assume spot rate for Swiss Franc is $0.7500 and the three-month forward rate is $0.7120. What is the minimum price that a three-month American put option with a striking price of $0.7350 should sell for in a rational market? Assume the annualized three-month Swiss Franc rate is 1.5 percent.

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0

$0.0230

$0.7350

$0.0380

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