Assume that you have been given the following information on Purcell Corporation's call options: Inputs Current stock price = $14 Time to maturity of option = 6 months Variance of stock return = 0.16 Strike price of option = $13 Risk-free rate = 8% Intermediate Calculations = 0.54485 di d2 = 0.26201 N(D1) N(D2) = 0.70707 = 0.60334 According to the Black-Scholes option pricing model, what is the option's value? Do not round intermediate calculations. Round your answer to the nearest cent. Use only the values provided in the problem statement for your calculations. $ Check My Work (1 remaining)

Variance of stock return =0.16 N(d1)=0.70707N(d2)=0.60334 Strike price of option =$13 N(d2)=0.60334 Risk-free rate =8% According to the Black-Scholes option pricing model, what is the option's value? Do not round intermediate calculations, Round your answer to the nearest cent. Use only the values provided in the problem statement for your calculations