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18-4 BLACK-SCHOLES MODEL Assume that you have been given the following information on Fiore Industries: Current stock price = $16 Time until expiration of option

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18-4 BLACK-SCHOLES MODEL Assume that you have been given the following information on Fiore Industries: Current stock price = $16 Time until expiration of option = 6 months Variance of stock price = 0.12 d, = 0.04082 N(d) = 0.51628 Exercise price of option = $16 Risk-free rate 8% d, = 0.28577 N(d) = 0.61247 Using the Black-Scholes Option Pricing Model, what is the value of the option

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