= We consider a Black-Scholes model for the price (Xt)t20 of a risky asset, with continuous interest rate r = 0.03 per year, expected return u = 0.05 per year, volatility o = 0.2 year-1/2, and we take Xo 100 Gils. A digital (or binary) call option has payoff S 1, if XT > K 0, if XT where K is the strike, T is the maturity of the option. Compute the price today of such a contract with maturity T = 1 year and strike K = 100 Gils. Give your answer(s) with 2 decimal digits. = {o, VO Gils. = We consider a Black-Scholes model for the price (Xt)t20 of a risky asset, with continuous interest rate r = 0.03 per year, expected return u = 0.05 per year, volatility o = 0.2 year-1/2, and we take Xo 100 Gils. A digital (or binary) call option has payoff S 1, if XT > K 0, if XT where K is the strike, T is the maturity of the option. Compute the price today of such a contract with maturity T = 1 year and strike K = 100 Gils. Give your answer(s) with 2 decimal digits. = {o, VO Gils