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Calculate the value of an 8-month European put option on a currency with a strike price of 0.60. The current exchange rate is 0.62, the

Calculate the value of an 8-month European put option on a currency with a strike price of 0.60. The current exchange rate is 0.62, the volatility of the exchange rate is 14%, the domestic and foreign risk-free interest rates are 3% and 5% respectively.

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