Question: A call option provides a payoff at time T of max(ST - K, 0) yen, where ST is the dollar price of gold at time

A call option provides a payoff at time T of max(ST - K, 0) yen, where ST is the dollar price of gold at time T and K is the strike price. Assuming that the storage costs of gold are zero and defining other variables as necessary, calculate the value of the contract.

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