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Suppose the exchange rate is $1.05/C$, the Canadian dollar-denominated continuously compounded interest rate is 9%,...

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Finance

Suppose the exchange rate is $1.05/C$, the Canadian dollar-denominated continuously compounded interest rate is 9%, the U.S. dollar-denominated continuously compounded interest rate is 6%, and the price of a 1-year $1.00-strike European call on the Canadian dollar is $0.1161. What is the value of a 1-year $1.00-strike European put on the Canadian dollar?

answer $0.0982

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