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Consider a European call option on a stock with a strike price of $100, a current stock price of $110, a time to expiration of

Consider a European call option on a stock with a strike price of $100, a current stock price of $110, a time to expiration of 6 months, a risk-free rate of 4%, and a volatility of 20%. Use the Black-Scholes option pricing model to determine the fair value of the call option.

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