Calculate the price of a European call option using the Black Scholes model and the following data: stock price = $50, exercise price = $55, time to expiration = 15 days (0.04 year), risk-free rate = 2.5%, standard deviation = 22%, dividend yield = 0%.

d	N(d)
-2.120	0.017
-2.164	0.015
-1.544	0.061
-2.095	0.018

Multiple Choice:

A. 0.79

B. 0.204

C.1.49

D. 0.025

*Please explain thoroughly and solve without using excel, thank you.