Question: We consider investing a FX put option between $ and , which is 90 days to expiration date, The strike price of the option is

We consider investing a FX put option between $ and , which is 90 days to expiration date, The strike price of the option is $1.4867/.

We observe that the current spot rate = $1.4583/ = 6.682%

We can also observe that the consensus on the 90-day forward rate in the market is around = $1.4612/

The 90-day risk-free interest rate on USD is = 2%

Whats the option premium based on the binomial asset pricing model?

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