Use the binomial option pricing model to find the value of a call option on 10,000 with a strike price of 12,500.The current exchange rate is 1.50/1.00 and in the next period the exchange rate can increase to 2.40/ or decrease to 0.9375/1.00 (i.e. u = 1.6 and d = 1/u = 0.625).The current interest rates are i = 3% and are i = 4%. Choose the closest answer.