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A stock trades for $42 per share. A call option on that stock has a strike price of $54 and an expiration date six months
A stock trades for $42 per share. A call option on that stock has a strike price of $54 and an expiration date six months in the future. The volatility of the stock's returns is 36%, and the risk-free rate is 5%. What is the Black and Scholes value of this option?
The Black and Scholes value of this call option is $ (Round to the nearest cent.)
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