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

$0\mathrm{.}1234567,$ you only need to enter $0\mathrm{.}1234$