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6 22 > ! 6 JU 3 Suppose you own a European call option C on a stock. The Underlying stock's price S = 100

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6 22 > ! 6 JU 3 Suppose you own a European call option C on a stock. The Underlying stock's price S = 100 $; The exercise price X = 80 $; The annual risk-free rate r = 5 %; and time to expiration T = 0.5 year. Given that N(d 1) = 0.9664 and N(D2) = 0.8953 Question: calculate C using Black and Scholes formula? C=22.125$ C=26.7845 C=22.243$ C=3.656$

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