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A stock is currently priced at $59 and has an annual standard deviation of 39 percent. The dividend yield of the stock is 2.4 percent,
A stock is currently priced at $59 and has an annual standard deviation of 39 percent. The dividend yield of the stock is 2.4 percent, and the risk-free rate is 4.4 percent. What is the value of a call option on the stock with a strike price of $56 and 56 days to expiration? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)
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