Consider a European call option on a stock with ex-dividend dates in two months and five months. The dividend on each ex-dividend is expected to be $0.50. The current share price is $40, the exercise price is $40, the stock price volatility is 30%, the risk-free rate of interest is 9% per annum, and the time to maturity is six month. What is the value of the call? (using black-scholes-merton formula)