Consider the following questions on the pricing of options on the stock of ARB Inc.:

You may use Appendix $D$ to answer the question. Do not round intermediate calculations. Round your answer to the nearest cent.

$

$

intermediate calculations. Round your answer to the nearest cent.

The price would $-$Select$-$ by $

An increase in the volatility to $37\%$ would $--$Select$-V$ the call's value. A decrease in the risk$-$free rate to $8\%$ would $-$ Select$-V$ the call's value.