Please do not copy other Chegg answers, they are wrong. Thank you!

10.8. The current spot price of a stock is $21, the expected rate of return of the stock is 11%, and the volatility is 12%. The risk-free rate is 5%. Compute the price of a derivative whose payoff in 5 months is In(S5/12) +32 where S5/12 is the stock price in 5 months. 10.8. The current spot price of a stock is $21, the expected rate of return of the stock is 11%, and the volatility is 12%. The risk-free rate is 5%. Compute the price of a derivative whose payoff in 5 months is In(S5/12) +32 where S5/12 is the stock price in 5 months