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A stock trades for $47 per share. A call option on that stock has a strike price of $54 and an expiration date twelve months

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A stock trades for $47 per share. A call option on that stock has a strike price of $54 and an expiration date twelve months in the future. The volatility of the stock's returns is 49%, and the risk-free rate is 4%. What is the Black and Scholes value of this option? LO The Black and Scholes value of this call option is (Round to the nearest cent.)

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