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Assume the spot Swiss franc is $ 0 . 7 0 5 6 and the six - month forward rate is $ 0 . 6

Assume the spot Swiss franc is $0.7056 and the six-month forward rate is $0.6978. What is the minimum price that a six-month American call option with a striking price of $0.6828 should sell for in a rational market? Assume the annualized six-month Eurodollar rate is 3.5 percent. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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