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Current stock price = $15 Exercise price of option = $15 Time to maturity of option = 6 months Risk-free rate = 10% Variance of

Current stock price = $15 Exercise price of option = $15 Time to maturity of option = 6 months Risk-free rate = 10% Variance of stock price = 0.12 d1 = .32660 d2 = o.08165 N(d1) = 0.62795 N(d2) = 0.53252 Using the Black-Scholes Option Pricing Model, what would be the value of the option? Round your answer to two decimal places

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