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Assume you have been given the following information on Purcell Industries: Current stock price = $17 Strike price of option = $13 Time to maturity

Assume you have been given the following information on Purcell Industries:

Current stock price = $17 Strike price of option = $13
Time to maturity of option = 5 months Risk-free rate = 5%
Variance of stock return = 0.16
d1 = 0.22967 N(d1) = 0.65344
d2 = 0.06245 N(d2) = 0.49288

According to the Black-Scholes option pricing model, what is the option's value? Round your answer to the nearest cent.

$

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