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Consider a European call option on a non - dividend - paying stock when the stock price is $ 3 0 , the exercise price

Consider a European call option on a non-dividend-paying stock when the stock price
is $30, the exercise price is $26, the risk-free interest rate is 2% per annum, the
volatility is 24% per annum, and the time to maturity is four months. Find the inverse
of the standard normal cumulative distribution, with a probability equal to the
probability that the option will be exercised in a risk-neutral world. Hint: before you
jump to your Excel right away and start typing the NORM.S.INV formula, consider
pausing for a little bit to think what the actual question is.
Enter your answer rounded to four decimal places. For example, if your calculation results in
0.1234567, you only need to enter 0.1234
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