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A call option with X = $56 on a stock currently priced at S=$60 is selling for $9. Using a volatility estimate of O =

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A call option with X = $56 on a stock currently priced at S=$60 is selling for $9. Using a volatility estimate of O = 0.36, you find that Ndu) = 0.7179 and 1(d) = 0.6542. The risk-free interest rate is zero. Is the implied volatility based on the option price more or less than 0.36? O Greater than 0.36 O Less than 0.36

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