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A European call option written on one share of Ponce de Leon Foods, Inc. has the following parameter values: S = $111, X = $108,

A European call option written on one share of Ponce de Leon Foods, Inc. has the following parameter values: S = $111, X = $108, r = 7% p.a., sigma = 20% p.a., T = 9 months. Find the value of d1, rounded to 4 decimals (e.g., 0.0712). NOTE: Use the continuous time version of the equation

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