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

10.9. The current spot price of a stock is $20, the expected rate of return of the stock is 10%, and the volatility of the stock is 25%. The risk-free rate is 4%. Compute the price of a derivative whose payoff in 4 months is In((S4/12)) + (S8/12)0.441 + 32 where S/12 is the stock price in 4 months. 10.9. The current spot price of a stock is $20, the expected rate of return of the stock is 10%, and the volatility of the stock is 25%. The risk-free rate is 4%. Compute the price of a derivative whose payoff in 4 months is In((S4/12)) + (S8/12)0.441 + 32 where S/12 is the stock price in 4 months