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Suppose it is March 25 and the current spot rate for the Swiss Franc (CHF) is $1.17. The premium on a call option with an

Suppose it is March 25 and the current spot rate for the Swiss Franc (CHF) is $1.17. The premium on a call option with an exercise price of $1.115 is $0.198. What is the time value of one CHF 125,000 call option in USD?

(Instruction: Please round your answer to two decimal places.)

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