Question: Consider the following exotic option whose payoff at maturity is given by the stock price squared less a strike price if it has a positive

Consider the following exotic option whose payoff at is given by the stock price squared less a if it has a positive value, zero otherwise:
max[S(2)2 – K, 0].
Assuming that the is $2,000, determine the value of this exotic option under the assumption of no- arbitrage.

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