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1oel Franklin is a portfolio manager responsible for derivatives. Franklin observes an American-style option and a Eurapean-style option with the same strike price, expiration, and

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1oel Franklin is a portfolio manager responsible for derivatives. Franklin observes an American-style option and a Eurapean-style option with the same strike price, expiration, and underlying stock. Franidin belleves that the Europeari-style option will have a higher premlum than the American-style option, Frankilin is asked to value a one-year European-style call opton for Abaco Ltd, common stock, which last troded at \$45.00. He has collected the following informations a. Calcitate, using puticall parity and the infermation provided, the European-style call option value, Do not round intermediate colculations. Round your arswer to the nearest cent

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