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Calculate the value of a call option on the stock with an exercise price of 110. (Do not use continuous compounding to calculate the present

Calculate the value of a call option on the stock with an exercise price of 110. (Do not use continuous compounding to calculate the present value of X in this example=r, because the interest rate is quoted as an effective per period rate. In other words, use standard discount formula: PV=FV/(1+r) (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

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