Question: The current exchange rate between AUD and USD is $0.78 per AUD. The risk free interest rate is 1% for USD and 3% for AUD

The current exchange rate between AUD and USD is $0.78 per

The current exchange rate between AUD and USD is $0.78 per AUD. The risk free interest rate is 1% for USD and 3% for AUD (per year with continuous compounding). The volatility of the exchange rate is 0.2. What's the price of a 1-year European put option with strike price $0.75 in the Black-Scholes-Merton model? Keep 4 digits after the decimal point. Do not include $ sign in your

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