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Problem 7.9 Assume the spot Swiss franc is $0.7068 and the six-month forward rate is $0.6984. What is the minimum price that a six-month American

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Problem 7.9 Assume the spot Swiss franc is $0.7068 and the six-month forward rate is $0.6984. What is the minimum price that a six-month American call option with a striking price of $0.6834 should sell for in a rational market? Assume the annualized six-month Eurodollar rate is 3.5 percent. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Minimum price of call option 4.00 cents

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