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Black-Scholes Model Assume that you have been given the following Information on Purcell Industries: Current stock price = $18 Strike price of option = $13

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Black-Scholes Model Assume that you have been given the following Information on Purcell Industries: Current stock price = $18 Strike price of option = $13 Time to maturity of option = 4 months Risk-free rate = 5% Variance of stock return = 0.13 d_1 = 1.747426 N_(d1) = 0.959718 d_2 = 1.539259 N_(d2) = 0.93813 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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