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A stock trades for $45 per share. A call option on that stock has a strike price of $50 and an expiration date nine months

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A stock trades for $45 per share. A call option on that stock has a strike price of $50 and an expiration date nine months in the future. The volatility of the stock's returns is 31%, and the risk-free rate is 2%. 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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