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Calculate the price of a European call option on a non-dividend-paying stock when the stock price is $52, the strike price is $50, the risk-free

Calculate the price of a European call option on a non-dividend-paying stock when the stock price is $52, the strike price is $50, the risk-free interest rate is 12% per annum, the volatility is 30% per annum, and the time to maturity is three months. (13 Marks)

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