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Find the lower bound of a European foreign currency put if the spot rate is $3.50, the domestic interest rate is 8 percent, the foreign
Find the lower bound of a European foreign currency put if the spot rate is $3.50, the domestic interest rate is 8 percent, the foreign interest rate is 7 percent, the option expires in six months, and the exercise price is $3.75. (The interest rates are continuously compounded.)
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