A stock trades for

$42

per share. A call option on that stock has a strike price of

$54

and an expiration date

three

months in the future. The volatility of the stock's returns is

45%,

and the risk-free rate is

3%.

What is the Black and Scholes value of this option?

The Black and Scholes value of this call option is

$nothing.

(Round to the nearest cent.)