Question 7 1 pts Consider a European put option on a currency. The exchange rate is $1.20 per unit ofthe foreign currency, the strike price is $1.25. the time to maturity is one year. the domestic risk-free rate is 5% per annum. and the foreign risk-free rate is 2% per annum. The volatility of the exchange rate is 0.25. What is the value of this put option according to the Black-Sd'lolesMerton modal? Please provide your answer in the unit of dollar, to the nearest cent, but without the dollar sign (for example. if your answer is $1.02, write 1.02). . l