Option price be without there being arbitrage opportunity

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For a European call option on a currency, the exchange rate is $2.0000, the strike price is $1.900, the time to maturity is one year, the domestic (U.S. Dollar) risk-free rate is 5% per annum, and the foreign risk-free rate is 3% per annum. How low can the option price be without there being an arbitrage opportunity?

Reference no: EM13919328

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