Given the following information: Spot rate = 1.7000 $/£ 90-day forward rate = 1.7000 $/£ Strike price = 1.7000 $/£ US$ interest rate = 8% p.a. UK interest rate = 8% p.a. Time until maturity = 90 days Volatility = 10.00% What is the value of a European put in $/£? O .0478 0.0377 O.0415 O.0333

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