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A stock trading at ( $ 48 ) has a volatility of 30 percent. The continuously compounded risk-free rate is 6 percent. A dividend of

image text in transcribed A stock trading at \\( \\$ 48 \\) has a volatility of 30 percent. The continuously compounded risk-free rate is 6 percent. A dividend of \\( \\$ 1.5 \\) is expected in 3 months, and no other dividends are expected during the next 12 months. Price a European call written on this stock with an exercise price of \\( \\$ 50 \\) and a time to maturity of one year

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