Consider the following data for Jab Inc. stock in a sub-period of trading days: Date Monthly Return (%) 6/4/2021 -0.4012 7/4/2021 0.5035 8/4/2021 -0.8016 9/4/2021 0.7071 12/4/2021 -0.6018 13/4/2021 -10.1917 14/4/2021 -4.4944 15/4/2021 17.6471 16/4/2021 -2.0000 Suppose now that you decide to gather additional data for the sub-period. Specifically, you obtain information for a call option with a current price of $0.40 and the following characteristics: X=$9.80; S = $10; time (t) expiration 1 months; T-bills 4 percent; and dividend yield is 9 percent. Calculate Jabs fair value for this call option using the Black Scholes model hence, determine your strategy for this option. Use normal distribution table to find the N(d) with up to 2 decimals only. D APPENDIX Standard Normal Probabilities Z 0.00 0.01 0.02 0.03 0.04 0.05 0.06 0.07 0.08 0.09 0.0 .5000 5040 5080 .5120 .5160 5199 .5239 .5279 .5219.5359 0.1 .5398 5438 5478 5517 5557 5596 5636 5675 5714 5753 0.2 .5793 5832 5871 5910 .5948 5987 .6026 .6064 .6103 .6141 0.3 .6179 .6217 .6255 .6293 .6331 .6368 .6406 .6443 .6480 .6517 0.4 .6554 .6591 .6628 .6664 .6700 .6736 .6772 .6808 .6844 .6879 0.5 .6915 .6950 .6985 .7019 .7054 .7088 .7123 .7157 .7190 .7224 0.6 .7257 .7291 .7324 .7357 .7389 .7422 .7454 .7486 .7517 .7549 0.7 .7580 7611 7642 7673 7704 7734 7764 7794 7823 7852 0.8 .7881 7910 .7939 .7967 7995 .8023 .8051 .8078 .8106 .8133 0.9 .8159 .8186 .8212 .8238 .8264 .8289.8315.8340 .8365 .8389 1.0 .8413 .8438 .8461 .8485 .8508 .8531 .8554 .8577 .8599 .8621