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A call option has a strike price of $7, and a time to expiration of 0.7 in years. If the stock is trading for $12,

A call option has a strike price of $7, and a time to expiration of 0.7 in years. If the stock is trading for $12, N(d1) = 0.5, N(d2) = 0.12, and the risk free rate is 4.50%, what is the value of the call option?

Round the answer to two decimals.

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