hard · Quantitative Finance

Using the 'in-out parity' for barrier options, if a vanilla European call is worth 7.20 and the corresponding down-and-out call (D&O) is worth 5.85, what must be the value of the down-and-in call (D&I)?

  1. $13.05
  2. $0.00
  3. $5.85
  4. $1.35

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