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A stock trades for $43 per share. A call option on that stock has a strike price of $52 and an expiration date three months

A stock trades for

$43

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

$52

and an expiration date

three

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

32%,

and the risk-free rate is

4%.

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.)

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