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7. Apply the Black-Scholes model to calculate the value of a call option based on the following information: the price of the stock is S15;

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7. Apply the Black-Scholes model to calculate the value of a call option based on the following information: the price of the stock is S15; the strike price of the option is $10; the option matures in 3 months (t- 0.25); the risk-freerate is 4%; N(d)-06; N(d2)-02. (Note: The standard deviation is not required to solve the problem.)

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