U.S. Dollar/Euro. The table indicates that a 1-year call option on euros at a strike rate of $1.2504/ will cost the buyer $0.0630/, or 4.97%. But that assumed a volatility of 12.000% when the spot rate was $1.2674/. What would the same call option cost if the volatility was reduced to 10.500% when the spot rate fell to $1.2476/?

The same call option cost if the volatility was reduced to 10.500% when the spot rate fell to $1.2476/ would be $____/. (Round to four decimal places.)

Pricing Currency Options on the Euro
	A U.S.-based firm	wishing to buy				A European-based firm	wishing to buy
	or sell euros (the	foreign currency)				or sell dollars (the	foreign currency)
	Variable		Value			Variable		Value
Spot rate (domestic/foreign)	S0	$	1.2674			S0		0.789
Forward rate (domestic/foreign)	F0	$	1.2581			F0		0.7948
Strike rate (domestic/foreign)	X	$	1.2504			X		0.7997
Domestic interest rate (% p.a.)	rd		1.454	%		rd		2.187	%
Foreign interest rate (% p.a.)	rf		2.187	%		rf		1.454	%
Time (years, 365 days)	T		1			T		1
Days equivalent			365					365
Volatility (% p.a.)	s		12	%		s		12	%
	d1		0.1112			d1		0.0088
	d2		-0.0088			d2		-0.1112
	N(d1)		0.5443			N(d1)		0.5035
	N(d2)		0.4965			N(d2)		0.4557
Call option premium (per unit fc)	c	$	0.063			c		0.035
Put option premium (per unit fc)	p	$	0.0554			p		0.0398
(European pricing)
Call option premium (%)	c		4.97	%		c		4.44	%
Put option premium (%)	p		4.37	%		p		5.04	%

Ill need the steps done in excel.