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U . S . Dollar - Euro. The table, , indicates that a 1 - year call option on euros at a strike rate of

U.S. Dollar-Euro. The table, , indicates that a 1-year call option on euros at a strike rate of $1.2496=1.00 will
cost the buyer $0.0541 per , or 4.28%. But that assumed a volatility of 10.500% when the spot rate was
$1.2636=1.00. What would that same call option cost if the volatility was reduced to 10.500% when the spot rate fell to
$1.2484=1.00?
The same call option cost if the volatility was reduced to 10.500% when the spot rate fell to $1.2484=1.00 would be
$,.(Round to four decimal places.)
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