29. Let the following Black-Scholes parameters be given: S= 100, K= 100, T= 1, = 0.3, r= 0...

29. Let the following Black-Scholes parameters be given: S= 100, K= 100, T= 1, = 0.3, r= 0.10, and = 0.02. Consider a pay-later option (see Section 18.3 for the definition of the option). Find the payoff M of the cash-or-nothing call in this pay-later option. Remember, K is the strike of both calls.