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Suppose the following information is given on a European-style call option on a stock that pays no dividend: S 0 = 20 T = 1

Suppose the following information is given on a European-style call option on a stock that pays no dividend:

S0 = 20

T = 1

K = 18

r = 10% (continuous compounding)

Please calculate the minimum value of the call option.

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