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Consider a non - dividend paying stock trading at $ 5 0 and the risk - free rate is at 4 . 5 % .

Consider a non-dividend paying stock trading at $50 and the risk-free rate is at 4.5%. A calloption on the stock has an exercise price of $45, expiring in 2 years. The standard deviation of the stocks return is 0.15 per year. What is the price of the call option?

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