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Consider a 9-month European call option with a strike price of $40 on a stock that sells for $35 today. If the annual risk-free rate

Consider a 9-month European call option with a strike price of $40 on a stock that sells for $35 today. If the annual risk-free rate (continuously compounded) is 8%, the stock pays no dividends, and the stock's annual volatility is 40%, then the Black-Scholes price for this option (rounded to the nearest cent) is?

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