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A stock trades for $47 per share. A call option on that stock has a strike price of $50 and an expiration date nine months

A stock trades for $47 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

34%, 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

$enter your response here.

(Round to the nearest cent.)

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