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Consider a European call option on a stock that is 14 months from maturity. The current price of the stock is $55.89, the exercise price

Consider a European call option on a stock that is 14 months from maturity. The current price of the stock is $55.89, the exercise price is $45, the risk-free interest rate is 1.68% per annum, and the dividend yield is 2.16%. The call option price is $10.53. Calculate the implied volatility of the stock.

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