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For a European call option on the euro, the current exchange rate is $1.18 per euro, the strike price is $1.15 per euro, and the

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For a European call option on the euro, the current exchange rate is $1.18 per euro, the strike price is $1.15 per euro, and the time to maturity is 1 year. If the risk-free rate is 3% in the U.S. and 1% in the eurozone (both per annum and with continuous compounding), how low can the call option price be without there being an arbitrage opportunity (i.e., what is the currency call option's lower bound)? O $0.1344 per euro O $0.1711 per euro O $0.0933 per euro O $0.0522 per euro

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