U.S. Dollar/Euro. The table, indicates that a 1-year call option on euros at a strike rate of $1.2496/ will cost the buyer $0.0470/, or 3.76%. But that assumed a volatility of 10.500% when the spot rate was $1.2494/. What would the same call option cost if the volatility was reduced to 10.500% when the spot rate fell to $1.2478/? The same call option cost if the volatility was reduced to 10.500% when the spot rate fell to $1.2478/ would be $ I. (Round to four decimal places.) (Click the icon to copy table into a spreadsheet.) Pricing Currency Options on the Euro U.S. Dollar/Euro. The table, indicates that a 1-year call option on euros at a strike rate of $1.2496/ will cost the buyer $0.0470/, or 3.76%. But that assumed a volatility of 10.500% when the spot rate was $1.2494/. What would the same call option cost if the volatility was reduced to 10.500% when the spot rate fell to $1.2478/? The same call option cost if the volatility was reduced to 10.500% when the spot rate fell to $1.2478/ would be $ I. (Round to four decimal places.) (Click the icon to copy table into a spreadsheet.) Pricing Currency Options on the Euro