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A non-dividend-paying stock currently sells for $50. The stock's volatility is 25%. A three-year European call option on the stock has a strike price of

A non-dividend-paying stock currently sells for $50. The stock's volatility is 25%. A three-year European call option on the stock has a strike price of $55. The risk-free rate is 5%. What is the price of the option? Use the Black-Scholes-Merton formula.

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