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Calculate the price of a European call option using the Black Scholes model and the following data: stock price = $60, exercise price = $55,
Calculate the price of a European call option using the Black Scholes model and the following data: stock price = $60, exercise price = $55, time to expiration = 1 year, standard deviation of stock return = 22%, risk-free rate = 5%, and dividend yield = 8%.
Group of answer choices
$7.54
$6.41
$7.15
$6.77
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