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Consider a six- month arithmetic average strike call option on a stock. The option's payoff is based on six price observations which follows the function

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Consider a six- month arithmetic average strike call option on a stock. The option's payoff is based on six price observations which follows the function S(t) = 60 +, where t = 1,2,3,4,5,6. Calculate the payoff of the option at expiration A 2.0 B 2.2 3.1 D 3.9 E 4.2

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