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Calculate the value of a call option given the following information: current stock price = $30; exercise price = $20; risk free rate = 8%.

Calculate the value of a call option given the following information: current stock price = $30; exercise price = $20; risk free rate = 8%.

a. $12.48

b. $11.48

c. $10.48

d. $9.48

e. $8.48

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