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Find the value today in USD of a 1-period at-the-money call option on YEN 300,000. The spot exchange rate is YEN 100 / USD. In

Find the value today in USD of a 1-period at-the-money call option on YEN 300,000. The spot exchange rate is YEN 100 / USD. In the next period, the YEN can increase by 15 percent or decrease by 15percent. The risk free rate in USD is 5 percent. The risk free rate in YEN is 1 percent.

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