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A stock trades for $44 per share. A call option on that stock has a strike price of $53 and an expiration date nine months

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A stock trades for $44 per share. A call option on that stock has a strike price of $53 and an expiration date nine months in the future. The volablity of the stock's retums is 46%, and the risk-free rate is 2%. What is the Black and Scholes value of this option? The Black and Scholes valua of this pall option is f (Round to the nearest cent)

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