medium · Quantitative Finance

A desk is pricing a binary cash-or-nothing call option that pays $100 if the stock price at maturity T is above the strike K. Given S_0=50, K=52, T=0.5, r=4%, and σ=35%, determine the fair value of this option given d_2 ≈ -0.2078.

  1. $4.50
  2. $58.23
  3. $41.19
  4. $41.77

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